Numerated, a financial technology company that provides business banking solutions, is partnering with Independent Bank to offer its digital lending platform to the financial institution’s business clients.
The partnership was announced on September 20.
“We are continually looking to improve lending efficiency and better service for Michigan businesses, especially since the past year has catalyzed expectations of access to digital channels,” said Marc Judge, senior vice-president -President of Independent Bank. “Numerated allows us to provide better community outreach to business owners by providing faster response times to a traditionally longer business loan application process. “
Numerated is a digital lending platform for business banking services that dramatically reduces the burden on financial institutions and their customers using data. More than 140 lenders have used the platform to process more than $ 50 billion in loans for more than 400,000 businesses.
Using Numerated, Michigan small businesses will be able to apply to Independent Bank for term loans, lines of credit and equipment loans, when and where they want. The Numerated platform extracts data to streamline every step of lending, including pre-populating borrower applications, aggregating data to speed up banker reviews and offers, and automation complete preparation of tedious document packages.
“As a recognized leader, Independent Bank understands that putting professional customers first means providing them with the digital experiences they expect,” said Dan O’Malley, co-founder and CEO of Numerated. “We are excited to partner with them to facilitate business banking and provide a cutting edge customer experience for Michigan businesses. “
Numerated’s digital lending platform supports a range of commercial and industrial loans, SBA loans, and opening business deposit accounts. More details are at numerated.com.