In 2015, we recognized a need for businesses to have quick access to funds. We understood that small businesses, in particular, had the greatest need for a streamlined financing option which would get them cash when it was needed – not several months later.
Throughout 2016, various departments across the Bank came together to solve this issue. Responding to the need for business customers to have expedited access to funds, we teamed-up with Fundation™, a fintech platform, and designed and launched the BusinessFirst Express Loan™ for loan requests up to $100,000. This streamlined, financing solution offers:
- Approval as soon as 48 hours
- Funds as soon as 7 business days
- An online application for convenience
- Both Term Loan and Line of Credit options
- Potential funding options from First County Bank or Fundation™
“First County Bank understands the unique needs of small business and we developed the BusinessFirst Express Loan™ to provide businesses with accelerated access to funds,” said Reyno A. Giallongo, Jr. chairman and CEO of First County Bank. “It makes sense for the Bank to partner with Fundation™. Through this streamlined fintech solution, we can provide more business lending options with impressive turnaround times.”