BOSTON—Fairfax-based FVCbank announced its partnership with Numerated to make borrowing easy for business clients.
Through this partnership, FVCbank will launch its Lightning Lending program to its portfolio of technologically efficient banking products. This will enable the institution to continue its strategic commitment to transitioning from a traditional banking model to a more sophisticated fintech bank of the future and better serve the needs of their customers.
“FVCbank is committed to pivoting in today’s high-tech financial environment by embracing innovative systems like Numerated. As a result, our customers will enjoy an easier, faster, and more user-friendly loan experience,” said Chairman & CEO David Pijor. “Business owners can now literally complete the loan application and underwriting process in under 12 minutes. Approved applicants receive funds into their FVCbank account the same day, sometimes in hours,” Pijor continued.
“With the need for speed and time being such a precious asset,” added President Trish Ferrick, “we can now offer qualified applicants a path around time-consuming paperwork and underwriting with this sophisticated loan origination system. By fully embracing the benefits of Numerated’s fintech, FVCbank can evolve into the community bank of the future, today.”
FVCbank’s Lightning Lending program will offer a seamless digital application for term loans between $25,000 and $500,00 to business owners in the greater Baltimore and Washington, D.C. metropolitan areas.
“FVCbank’s decision to innovate their small business segment will enable the institution to meet the evolving needs of business customers,” said Numerated CEO and co-founder Dan O’Malley. “As business borrower expectations continue to change, it’s important that lenders continue to adapt to provide borrowers with consistent, efficient experiences, and FVC is doing just that. We’re excited to be partnering with them on this journey.”
To learn more about how Numerated’s digital loan origination system is transforming the future of business banking, go to www.numerated.com. For more information about FVCbank and Lightning Lending, visit www.FVCbank.com.
FVCBankcorp, Inc. is the holding company for FVCbank, a wholly-owned subsidiary that commenced operations in November 2007. FVCbank is a $2.20 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners and employees located in the greater Baltimore and Washington, D.C. metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 9 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.
For more information on FVCbank or its selected financial information, please visit the Investor Relations page of FVCBankcorp, Inc.’s website, www.fvcbank.com.
Numerated transforms the way financial institutions lend to businesses. Banks and credit unions use Numerated’s modern Loan Origination System to meet businesses’ expectations for digital convenience while driving significant gains in efficiency. The platform uses data to streamline originations for any business banking product, from application to decision to close. More than 500,000 businesses and 30,000 financial institution associates have leveraged the platform to process over $50 billion in lending, making Numerated the fastest-growing fintech SaaS company on the 2022 Inc. 5,000.