Crestmark is introducing Fast Track Financing to the marketplace, simplifying the application process, reducing paperwork and providing 24-hour approval to qualified businesses.

“Our goal is to provide a very simple and quick method to get financing into a business owner’s hands. In addition to our current group of services, we know this will make a difference,” said Steve Hansen, regional first vice president, business development.

“The marketplace for business financing is evolving, and there are many online lenders and fintech companies offering nearly instantaneous credit approvals and funding,” said Stacy Odendahl, vice president, business development. “In some cases, businesses are paying a high price for speed; or are working with new lenders that may not be as stable. With Fast Track Financing, Crestmark provides businesses with quick access to credit from a reliable, time-tested lender, at a lower cost than most fintech companies.”

Crestmark has been testing their Fast Track Financing process since early this year, and has already funded a substantial number of new clients using the process. It has received a positive response from clients for its ease of use and quick turnaround time. The Fast Track program complements other forms of business financing offered.