Washington, D.C. (Jan. 7, 2021) — The Independent Community Bankers of America (ICBA) today announced that StreetShares has been selected as its newest Preferred Service Provider (PSP). StreetShares, a fintech provider with a background in lending, enables community banks to make unsecured small business loans through a digital platform for a seamless user experience.
“StreetShares’ digital lending solution is a powerful crediting and decisioning tool that offers community banks a robust and efficient means to address the lending needs of small businesses,” ICBA Senior Executive Vice President of Community Bank Solutions Kevin Tweddle said. “It’s more important than ever to deliver critical financing into the hands of those that need it most and the StreetShares platform offers another channel for community banks to engage with small businesses and efficiently fulfill their lending needs.”
StreetShares’ Atlas business lending platform provides an on-demand, web-based experience that is easily enabled and configured. Through the online system, borrowers can apply for a loan and receive a loan decision within a day.
“As a proud ICBA member for several years, StreetShares is excited to be chosen as the newest PSP,” said StreetShares Vice President Sanjay Bhaskar. “StreetShares is a veteran-founded and run firm and our mission is to provide best-in-class lending technology to community banks. We have witnessed the amazing work done by community banks throughout the pandemic to provide critical funding to American small businesses, and we are proud to support these efforts.”
For more information about ICBA’s Preferred Service Provider program, visit www.icba.org/psp.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
StreetShares is an award-winning financial technology company that helps financial institutions provide high-quality loans to small businesses. Started in 2014 as a digital lender to veteran-owned small businesses, StreetShares built a best-in-class small business underwriting technology. StreetShares launched business lending solutions technology to allow community banks to affordably make small business loans with a 100% digital experience. StreetShares has been named EY Entrepreneur of the Year and Innovator of the Year. For more information, visit: streetsharesplatform.com.
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