MILWAUKEE, Wis. and NEW YORK – November 1, 2017 – Park Bank announced today that it has joined the Small Business Loan Program created by BancAlliance and Fundation.
The Small Business Loan Program introduces a new financial technology platform that allows small businesses to access an online portal that will guide each small business customer to the products that best meet its unique need. This program is designed to enable banks to address the challenges of underwriting small businesses by providing a simplified and streamlined borrowing experience. Park Bank’s small business customers now have the ability to apply online by visiting ParkBankOnline.com/apply and certain eligible customers may receive approval in as little as one business day.
Tracy Meeks, Vice President – Small Business Banking at Park Bank, commented, “Park Bank was founded by business owners to address a lack of financing opportunities in their community on Milwaukee’s west side. Over 100 years later, we continue to evolve to meet the changing needs of the business community. With this new capability, we’re providing the small business community easier access to get the funding that will keep their businesses running.”
Fundation provides credit for working capital and expansion purposes to a wide array of businesses nationally. Unlike most non-bank lenders, Fundation’s products are conventional loan products but using its best-in-class technology platform, Fundation makes the process for applying for credit an extremely efficient and customer friendly process. Fundation has been the recipient of the “Best Working Capital” loan award by Business News Daily for three years in a row because of its outstanding online application process and dedicated customer relationship management.
About Park Bank
Established in 1915, Park Bank is a privately held commercial bank serving southeastern Wisconsin businesses and individuals. With over $900 million in assets, Park Bank has continued to increase its lending capacity, currently set at $18.5 million, to any one relationship. Park Bank’s core focus is the independent business market with revenues up to $100 million. As a full-service bank, services include commercial lending, commercial relationship banking, treasury management, private banking, equipment leasing, personal banking, residential mortgage, and personal and corporate investments. Park Bank is a member of the FDIC and an Equal Housing Lender. To see how we serve the Milwaukee region, visit ParkBankOnline.com.
Fundation Group LLC is a digitally-enabled lender and credit solutions provider. The Company develops integrated small business lending solutions with banks, enabling them to deliver credit online, drive cost efficiency into their lending programs, and maximize customer retention by providing a positive customer experience and meeting the needs of the small businesses they serve. 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.
BancAlliance is a collaborative network of community banks that offers an array of lending programs and business services that might not otherwise be available to its members. The services of BancAlliance are designed to expand the impact and reach of member banks, enhancing their profitability, serving their customers in new ways, and growing and diversifying their loan portfolios. BancAlliance’s mission is to enable its members, the banks that direct its activities, to prudently diversify into high-quality loans in a manner consistent with the highest commercial and regulatory standards – without changing the nature or mission of the traditional community bank. BancAlliance has member banks located throughout our country. Learn more at www.bancalliance.com.