Meriwest Credit Union and Enable Technologies Launch New Business Lending Program for Small Enterprises

Meriwest Credit Union and Enable Technologies Launch New Business Lending Program

Meriwest Credit Union, based in San Jose, California, has partnered with Enable Technologies Inc. to introduce the Meriwest Business ExpressSM program, a digital lending solution tailored for small businesses. This innovative initiative aims to meet the growing needs of local enterprises for quick and accessible financial assistance.

The Vision Behind Meriwest Business ExpressSM

The digital small business lending products under the Meriwest Business ExpressSM banner are designed to address the fundamental financial requirements of small businesses. Financial institutions like Meriwest recognize the critical role that small businesses play in the community. Lisa Pesta, CEO of Meriwest Credit Union, stated, "Small businesses are essential to our communities, and they deserve access to financial solutions that are built around their critical needs." This initiative represents a major commitment to supporting local businesses in meeting their operating expenses, managing seasonal fluctuations, and enhancing overall cash flow.

Meriwest's rollout of the program is powered by Enable's advanced unified deposit and loan onboarding platform, specifically crafted for modern financial institutions. With this technology, the lending process is more streamlined, allowing local businesses to efficiently navigate the path to securing necessary credit.

Key Features of Meriwest Business ExpressSM

The initial offering from the program is a line of credit that allows small businesses to borrow up to $50,000. The application process has been designed to be straightforward, making it easier for business owners to access the funds they need without unnecessary delays. This approach reflects Meriwest's commitment to providing a best-in-class borrowing experience rooted in personalized service.

The adoption of this new lending product is anticipated to facilitate better financial management for local enterprises, further empowering them to thrive in an increasingly competitive market. The ease of access provided by the Meriwest Business ExpressSM program distinguishes it as a significant advancement in community banking.

The Impact of Enable Technologies

Enable Technologies is at the forefront of the digital banking transformation, focusing on enhancing the client experience through its innovative technology. Ashwin Goyal, Co-Founder and CEO of Enable, remarked, "We’re proud to support Meriwest as they take this important step in expanding their small business banking footprint." This partnership signifies a shared vision of modernizing the lending landscape for small businesses.

With the rapid adoption of Enable's platform among credit unions and community banks, it is expected that more institutions will follow suit in streamlining their digital account opening and loan origination processes. Karthik Vaidyanathan, Co-Founder and President of Enable, emphasized that this launch is a win for small businesses and highlights a trend toward promoting local, digital, and member-oriented banking solutions.

About Meriwest Credit Union

Founded in 1961, Meriwest Credit Union has established itself as one of the key financial institutions in Silicon Valley, managing assets of $2.1 billion. With a commitment to providing personalized, advice-driven services, Meriwest caters to over 80,000 families and businesses across the San Francisco Bay Area and Pima County, Arizona. Recognized as a top credit union, Meriwest has consistently been voted one of the 'Best Places to Work' and 'Best Credit Unions in Silicon Valley' in recent awards.

Embracing the Future of Banking

The launch of the Meriwest Business ExpressSM program is a clear indication that the future of business banking is shifting towards more localized, consumer-friendly solutions. As more financial institutions leverage technology to improve their offerings, small businesses stand to benefit from easier access to credit, tailored financial tools, and enhanced banking experiences.