In an effort to streamline SMB lending, alternative small business lender Fundation has struck a new partnership with Banc of California. The pair have developed a streamlined, digital small business lending and line of credit solution that the bank can offer to its small business clients. SMBs can use the tool to apply for financing through an online application on the Banc of California website. Recent analysis from the FDIC 2018 Small Business Lending Survey found that only a few banks in the U.S. are able to accept a small business loan application online. Source.
