Comerica Bank and Amount pioneer digital lending for small businesses


Comerica Bank, a financial services company, has unveiled its cutting-edge digital lending platform, the Comerica Small Business Convenient Capital.

The platform was made in concert with Amount, a digital credit solutions provider celebrated for its pioneering lending technology.

This partnership aims to offer small businesses seamless access to capital along with a variety of other benefits. In the current economic climate, quick and easy access to funding is a high priority for many small businesses. By leveraging Amount’s digital lending capabilities, Comerica aims to fill this gap in the market, providing an efficient, streamlined service that meets the financial needs of its small business clientele.

Comerica Bank, a major banking and financial services provider, serves as a trusted partner to small businesses, offering a range of financial products and services. Meanwhile, Amount, an innovative player in the FinTech industry, is at the forefront of digital lending technology, providing digitally enabled lending and credit solutions. Both companies are committed to fostering growth and innovation in the small business sector.

The Comerica Small Business Convenient Capital platform offers multiple advantages, including instant decisions or those within 24 hours, funding within 72 hours of approval, and simplified application processes. Tax returns are not required, and the platform allows online customer acceptance and digital loan closing.

“The Comerica Small Business Convenient Capital platform is the newest of many investments in small business products and services we have introduced this year,” Omar Salah, Comerica Bank’s director of small business banking, said. “By providing faster access to capital through our new online lending platform, we’re 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 to better meet the needs of its small business customers,” Adam Hughes, CEO of Amount, said. “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.”

Keep up with all the latest FinTech news here

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.