Online business lender service Biz2X has partnered with TAB Bank, a Utah-based digital ban that targets SMEs. Biz2X is a subsidiary of Biz2Credit Inc., an online direct lender.
Rick Bozzelli, President and CEO of TAB Bank, said the partnership will help them streamline their business lending decision-making and expand options for its customers.
TAB Bank reports that it has provided nearly $25 million in community development loans, investments, and approximately $100,000 in grants, donations, and contributions during 2022.
Randy Allred, VP of SMB Lending at TAB Bank, added that the partnership will “greatly expand” their services to SMEs while also streamlining their underwriting process.
“Biz2X’s award-winning software was developed by using over a decade of Biz2Credit’s proven online lending experience. We understand what banks need to best service the small business space,” said Rohit Arora, CEO of Biz2X and Biz2Credit, and a leading expert in the fintech and small business lending space. “We are proud and excited to work with TAB Bank to enhance their risk management and improve their business loan decision-making, while providing a better experience for customers.”