Waukesha State Bank Adds Online Business Loan Application Solution
WAUKESHA, Wis. (November 21, 2018) – Waukesha State Bank, a 13 branch independent community bank in Waukesha County, announces that is will offer digital lending capabilities to small business customers through collaborations with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional banks and through BancAlliance, a community banking network that provides lending opportunities to its members. The application is available online at www.waukeshabank.com.
“Our new online small business loan application will allow us to provide customers with fast access to funds up to $150,000,” said Tina Neis, Waukesha State Bank vice president and commercial credit manager. “Existing and prospective customers can apply in minutes and get funding in as soon as one day after a fully completed application.”
According to the 2018 FDIC Small Business Lending Survey, “Very few small or large banks accept small business loan applications online.” Waukesha State Bank’s new online small business loan application will deliver best-in-class credit solutions to small businesses. These funds can be used to supplement cash flow, make capital improvements, purchase equipment and more.
Sam Graziano, CEO of Fundation, added, “Our platform was developed to deliver credit to small businesses with speed and convenience without asking them to compromise the quality of product and pricing they expect from their banking partner. Aided with this new capability, Waukesha State Bank will be able to offer their local small business customers a market leading lending program.”
Waukesha State Bank will also continue to offer personalized, larger commercial lending solutions, up to their $20 million lending limit.
About Waukesha State Bank
Established in 1944, Waukesha State Bank is one of the largest locally owned and independent community banks in Wisconsin, with full-service offices in Brookfield, Delafield, Mukwonago, Muskego, New Berlin, Oconomowoc, Pewaukee, Sussex and Waukesha. For more information, visit, www.waukeshabank.com.
About Fundation
Fundation Group LLC is a credit solutions provider focused on the small business market nationally. Fundation is a leader in providing technology and application processing services to support more than 25 super regional, regional and community banks. Fundation’s solutions enable its financial services clients to develop a digital lending capability, provide a greater customer experience, drive cost efficiency into their small business lending program, and maximize the number of customers they can serve. Fundation’s services range from simple referral partnerships to customized, integrated lending programs. The Company also partners with a wide array of organizations that serve the small business market in various capacities to deliver credit products to the business community nationwide. For more information, please visit www.fundation.com.
About BancAlliance
BancAlliance is a network of over 250 community banks that provides lending opportunities to its members through their Commercial Loan Program and fintech partnerships. Learn more about how the network expands the reach of community banking at www.bancalliance.com.
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