The National Bank of Coxsackie offers commercial electronic loans

COXSACKIE – In a variation of the national trend towards online mortgage offerings, Coxsackie National Bank has launched a digital lending platform for small businesses.

With the NBC Express Now program, small businesses can digitally apply for installment loans or lines of credit through this platform and the entire process from application to financing can be done online.

“You wouldn’t really set foot in the branch,” said Nicole Bliss, NBC’s vice president and chief human resources officer.
“We thought it would be a good addition” to what the bank already offers, she said.

They are considering small business operators, such as contractors who may need a new truck or equipment, but are also busy, using the remote lending platform.

The new system is not for mortgages.

NBC has branches in Albany, Greene, and Schoharie counties, but some of their business customers are in remote or rural sections, as well as other counties, including Columbia.

“We understand that time is an invaluable resource for small business owners, and we want to make the process of getting a term loan or line of credit easy, quick and hassle-free,” said the NBC Chief Credit Officer Charlene Slemp in a statement. on the new platform, which went live in March.

The bank has branches in Glenmont and Coxsackie in the immediate capital area.

While remote or contactless commerce transactions in general have been boosted during the COVID-19 pandemic, Bliss said the new platform didn’t really stem from that.

Comments are closed.