U.S. Bank created a new, fully digital option for small businesses to apply for and receive a loan or line of credit.
The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses within U.S. Bank’s 25-state footprint can qualify for up to $250,000 through the all-digital process. The application can be completed on any device – mobile, tablet or computer – and if approved, will allow the borrower to review their loan details and electronically sign their closing documents.
