Ivy Lender partners with Coastal Community Bank to tackle second round of PPP
FORT LAUDERDALE, Florida, January 14, 2021 / PRNewswire / – Lender Ivy celebrates its fifth year alongside the FDIC member Coastal Community Bank – working day and night to roll out the next round of Paycheck Protection Program (PPP) funds. During the first cycle of PPP, Ivy Lender’s team led the North American Fintech peloton – launching a COVID-Relief market in the space of three weeks. Ivy Lender was the only FinTech to create a platform that helped small and medium businesses access both PPP loans and EIDL (Economic disaster loans) on one platform in the country.
Ivy Lender has fought for a uniform distribution of government funds for businesses of all sizes across the country over the past year and this round is no exception. CEO of Ivy Lender, Christina camacho, called on banks and fintech peers for their abuse of power in the first round of PPP open letter.
“Over the past five years my team and I have worked diligently to support small businesses North America“said Christina Camacho.” We’re committed to helping small business owners navigate the new normal. We realize that every day and every dollar matters to our borrowers right now, and we are not going to sit idly by and take action. We are in the same boat. Every challenge that entrepreneurs face and survive shows the strength they have within them. ”
Coastal Community Bank headquartered at Everett, Washington State, aims to be the pioneer of Bank as a Service (BaaS) and Ivy Lender is thrilled to have a bank whose mission is to be the champion of small business owners by its side for this next round. EVP and Chief Digital Banking Officer, Laura Byers says, “The Coastal Community Bank is pleased to partner with Ivy Lender for the second phase of the PPP program to ensure that more business owners have access to these much needed funds. As a community bank that is already partnering with fintech companies through our CCBX division, we know that we can provide secure banking solutions to those who need them in more than traditional ways, and this is just one more example. “
About Ivy Lender
Ivy Lender’s online platform connects lending institutions to the largely untapped small business market. Their expertise in corporate finance, their access to the best options at the best rates and their ethical business practices have made them the benchmark for companies in need of financing. Ivy Lender’s goal is to help borrowers excluded by their banks access the capital they need today.
SOURCE Ivy Lender