CCBank Selects Lendio Intelligent Lending to Fuel Small Business Funding Growth and Opportunities for Utah Companies | PR Newswire [Video]

CCBank will automate and expand its lending program for small businesses (SMB) with Lendio’s Intelligent Lending.

, /PRNewswire/ — Today, financial technology platform Lendio announced that Utah-based CCBank has chosen the Lendio Intelligent Lending solution to power its small business lending. 

Historically for banks, providing an entirely digital loan experience that serves the full spectrum of SMB borrowers has been a hurdle to scaling SMB banking, mainly due to the manual effort involved in traditional underwriting processes. Now, through Lendio Intelligent Lending, CCBank will be able to automate its underwriting processes, especially for smaller loan amounts, as well as more accurately determine small business health through sophisticated multi-source analytics, and leverage an industry-leading digital application experience. 

“We’re committed to lending to our local and regional businesses, and deploying Intelligent Lending will allow us to expand the number of small businesses we can serve within our community,” said Matt Field, President at CCBank. “We believe that the …