Lead Bank Brings Community Banking Online with Kansas City’s first Fintech partnership for small business loans
Kansas City’s first Fintech partnership of this kind will offer more online loan options for small businesses across the country
Technology is changing every industry, and lending is no exception. Lead Bank is proud to announce that it has entered into a Loan Program Agreement with Prairie Village, Kansas based Hyphen Funding. Hyphen Funding directly connects lenders with qualified small businesses looking for sensible loan options in real-time.
Lead Bank is excited to be the first bank in the Kansas City area to foster this type of fintech lending relationship. When most banks are shying away from the short-term, unsecured loans that businesses sometimes need, Lead Bank is committed to rethinking banking by embracing the benefits of today's technology. "At Lead Bank, we continue to anticipate the needs of our clients by partnering with innovative companies such as Hyphen Funding. It's our goal to offer resources that will allow our clients’ businesses to grow. We're not only supporting another innovative Kansas City company and their journey, but we're also offering small businesses a new lending solution," says Joshua Rowland, CEO of Lead Bank. “Community banking has always been about responsiveness and being nimble in service to our clients. Our relationship with Hyphen brings this tradition of responsiveness and services online.”
By way of Hyphenfunding.com, borrowers apply for a loan using a three-step online process, and if approved, funding can be received within 24 hours. Hyphen's technology automates the underwriting process, giving clients the service they need today. This innovative relationship between Lead Bank and Hyphen Funding speeds up the loan process giving people and small businesses more suitable loan options.
"Hyphen Funding is thrilled to partner with Lead Bank. Through this agreement we hope to provide a meaningful solution to small businesses looking for an efficient and effective way to find adequate short-term funding," says Ryan Sullivan, Founder of Hyphen Funding.