Numerated, the fast-growing fintech making business banking easy for financial institutions and their clients, announced its partnership with Independent Bank, a $4.5 billion leading community bank with more than 60 locations across Michigan’s lower peninsula.
Through this partnership, Independent Bank will use Numerated’s digital lending platform to make their business lending operations more efficient and offer convenient digital channels to their clients.
“We are continuously looking to drive lending efficiency and better service for Michigan businesses, particularly as this past year has catalyzed expectations for having access to digital channels,” said Marc Judge, First Vice President of Independent Bank. “Numerated allows us to provide better community outreach to business owners by offering faster response times to a traditionally longer commercial loan request process.”
Numerated is a digital lending platform for business banking that dramatically reduces work for financial institutions and their clients by using data. More than 140 lenders have used its award-winning platform to process more than $50 billion in lending for over 400,000 businesses.
Using Numerated, Michigan’s small businesses will be able to apply to Independent Bank for business term loans, lines of credit, and equipment loans, whenever and wherever they want. The Numerated platform pulls in data to streamline each stage of loan origination: including pre-filling borrower applications, aggregating data to speed banker reviews and offers, and fully automating the preparation of time-consuming document packages.
“As a proven leader, Independent Bank understands putting business customers first means providing them with the digital experiences they expect,” said Dan O’Malley, Numerated co-founder and CEO. “We’re excited to partner with them to make business banking easy and to bring an industry-leading customer experience to Michigan businesses.”