#LendTech #SME / CBA rolls out high-speed lending system for SMEs

Eligible small business customers can receive a real-time credit decision and have the funds (up to $50,000) credited in their account within 20 minutes.

[CBA:] “When we launched ‘BizExpress’, the aim was to provide a simpler and faster lending experience for our small business customers, with same day decisions and funding within a week… Our latest investment in the new digital version makes it even easier and quicker for our customers to get the financial support they need. BizExpress Online not only provides a lending decision in record time, but also enables a customer to have the funds in their account in near real-time, in as little as 20 minutes.”

https://www.finextra.com/newsarticle/36472/cba-rolls-out-high-speed-lending-system-for-smes?utm_medium=dailynewsletter&utm_source=2020-8-28&member=98434