Biz2X, a subsidiary of financial technology company Biz2Credit, entered into a new partnership with TAB Bank, an Ogden, UT-based digital bank that has provided financial solutions to middle-market commercial customers since 1998.
“Partnering with Biz2X enables us to streamline our small to medium business lending decision-making, expand lending options and make it easy for SMBs to get the capital they require for growth,” Rick Bozzelli, president and CEO of TAB Bank, said. “Since 1998, our goal is to provide access to capital and financial success for everyone.”
TAB Bank provided nearly $25 million in community development loans and investments and approximately $100,000 in grants, donations and contributions during 2022. The bank has received honors from the American Business Awards, Utah Business, GOBankingRates Top 100 Banks, 20 Best Online Banks of 2022 and Bankrate’s Best Online Banks of 2022.
“The Biz2X platform has enabled us to greatly expand our reach to better serve SMBs by providing a centralized location for customers and referral partners alike to apply for financing. It has also streamlined our underwriting processes, enhancing our ability to provide our small business customers the working capital they need to run their businesses,” Randy Allred, vice president of SMB lending at TAB Bank, said.
“Biz2X’s award-winning software was developed by using over a decade of Biz2Credit’s proven online lending experience. We understand what banks need to best service the small business space,” Rohit Arora, CEO of Biz2X and Biz2Credit, said. “We are proud and excited to work with TAB Bank to enhance their risk management and improve their business loan decision-making while providing a better experience for customers.”
