Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending Experiences
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The bank will introduce enhanced digital lending experiences designed to make it easier for small business and SBA borrowers to access financing whenever and however they choose to bank.
"As customer expectations continue to evolve, we are focused on delivering banking experiences that are simple, accessible and available when and where our clients want to engage with us," said
Beacon Bank operates more than 145 branches across the Northeast. Its 44 Business Capital division is one of the nation's most active SBA 7(a) lending divisions. Over the past 16 years, 44 Business Capital has originated more than
The expanded relationship reflects a shared commitment to modernizing the small business lending experience. Through enhanced digital capabilities, Beacon Bank and
"This is a defining moment for
The enhancements are designed to support a more connected and flexible customer experience, allowing borrowers to begin, continue and complete lending interactions through digital channels while remaining connected to Beacon Bank's lending teams. The application experience will also incorporate ASK BKR,
Beacon Bank's adoption of the Digital Small Business platform also highlights
Industry analysts and lenders alike continue to point to digital experience modernization as a critical differentiator in the race to acquire and retain small business customers.
"We're proud to partner with Beacon Bank and what this represents for small businesses nationwide," said Ivankovich. "Digital transformation in SBA lending is no longer on the horizon — it's here. Together with the Beacon team,
About
For more information, visit www.bakerhill.com.
About Beacon Bank
Beacon Bank is a full-service, regional bank serving the Northeast and a subsidiary of Beacon Financial Corporation (NYSE: BBT). Headquartered in Boston, Massachusetts, the bank has $22.2 billion in assets and more than 145 branches throughout New England and New York. The company, through Beacon Bank, offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. It also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Clarendon Private. To learn more, visit BeaconBank.com and follow Beacon on Facebook, Instagram, and LinkedIn.
View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-bank-and-baker-hill-expand-long-standing-partnership-to-enhance-digital-small-business-and-sba-lending-experiences-302802028.html
SOURCE Baker Hill
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