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Stock impact report

Provident Bank Launches Digital Lending Capability for Small Business Customers Powered by Fundation

Provident Financial Services, Inc (PFS) 
Last provident financial services, inc earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: providentfinancial.com/investors
Company Research Source: Business Wire
Program will expedite and expand small business loan approvals for Provident Bank customers ISELIN, N.J. & NEW YORK--(BUSINESS WIRE)-- Provident Bank and Fundation today announced a new digital lending solution that will enable the New Jersey-based bank to offer a new, streamlined, end-to-end, lending program for small businesses seeking a business loan or line of credit. The solution enables small businesses to apply for term loans from $15,000 to $250,000 and lines of credit from $20,000 to $150,000, through a simple application and receive funds in as little as one business day. According to the FDIC Small Business Lending Survey in 2018, “Very few small or large banks accept small business loan applications online”. According to the Federal Reserve, awareness of online lenders has grown, and business owners increasingly turn to these companies for funding. In 2014, less than one-in-five Show less Read more
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