Comerica Bank launches new lending platform to accelerates capital for SMBs

By Delisha Fernandes

Comerica Bank announced the launch of Comerica Small Business Convenient Capital, its first fully digital, end-to-end new lending platform to provide convenient access to capital and innovative value-added benefits for Comerica small business customers.

Built-in collaboration with Amount, a digitally enabled lender and credit solutions provider, the Comerica Small Business Convenient Capital platform was developed to serve small business customers throughout the country with loan needs up to $100,000. Comerica Bank is focused on simplifying and accelerating access to capital and providing faster approvals and funding.

Amount helps financial institutions simplify banking, safer and more convenient with a full suite of the end-to-end omnichannel consumer, small business and POS financing solutions.

“The Comerica Small Business Convenient Capital platform is the newest of many investments in small business products and services we have introduced this year,” said Omar Salah, Comerica Bank’s Director of Small Business Banking. “By providing faster access to capital through our new online lending platform, we are focused on delivering a frictionless, unmatched customer experience for our growing small business community. We aim to raise expectations of what a bank should be by empowering small businesses through enhanced digital capabilities.”

“Banks must evolve with customer demand, and we’re excited to partner with Comerica in helping to expand its digital capabilities better to meet the needs of its small business customers,” said Adam Hughes, CEO of Amount. “We believe Comerica Small Business Convenient Capital will offer exactly what small businesses are looking for – a simplified process to receiving loan approvals, with swift decision-making and funding in less than three days.”