FundingStream.com Provides Fast Process, Approvals and Funding
MOUNT LAUREL, N.J., July 28, 2015 (GLOBE NEWSWIRE) -- Marlin Business Bank today unveiled FundingStream.com, a website that allows small business owners to apply online for loans of up to $100,000 in a matter of minutes, using an intuitive and simple web-based loan application portal.
The launch of FundingStream.com by Marlin Business Bank, a subsidiary of Marlin Business Services Corp. (Nasdaq:MRLN), leverages the company's core business strengths of credit, risk management, application processing and account servicing to small and mid-sized businesses at a time of growing demand for working capital from the nation's 28 million small businesses. The loans will be underwritten and funded by Marlin Business Bank – a state-chartered, federally insured commercial bank and a member of the Federal Reserve System.
"We are excited to lend to a segment that has been greatly underserved by traditional lenders that have not focused on loans of this size to small and medium-sized businesses," said Daniel Dyer, Marlin's co-founder and CEO. "Our strategy and culture is to partner with small businesses – to whom we have lent over $4 billion since our inception in 1997 – in order to help them grow."
FundingStream.com makes applying for a loan convenient, quick and easy for small business owners. Customers can access the short, simple loan application via a computer, mobile device or tablet.
The entire process takes less than 10 minutes on average, with loan decisions in as little as two hours and funding in as little as two days. Loans range from $5,000 to $100,000 with repayment terms of six to 24 months.
"Over the past two decades, we have amassed deep experience in underwriting equipment lease financing to more than 300,000 small and mid-sized businesses, and we understand their needs," said Dyer. "FundingStream.com leverages all of our strengths to the benefit of small businesses in new ways by offering a convenient working capital loan solution."
Funding Stream loans can be used for anything a business needs to grow, from business expansion and purchasing inventory to upgrading equipment and marketing, or simply as working capital.
About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of commercial lending solutions for small and mid-sized businesses. Through its wholly owned operating subsidiary, Marlin Business Bank, Marlin provides innovative commercial financing programs. Our equipment financing and loan products are offered directly to businesses, and through third party vendor programs, which includes manufacturers, distributors, independent dealers and brokers. Since its inception in 1997, Marlin has extended credit to over a quarter of a million business customers. Our mission is to offer convenient financing products while providing the highest level of personalized customer service. Marlin is publicly traded (Nasdaq:MRLN). For more information about Marlin, visit www.marlincorp.com or call toll free at (888) 479-9111. For more information about Funding Stream, visit www.fundingstream.com.
CONTACT: Mark Braykovich 404-538-8742 firstname.lastname@example.orgSource:Marlin Business Services Corp.