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M&T Bank (NYSE: MTB), which ranks number one in deposit market share in the 16-county Central New York area, on June 19 announced a series of new and upcoming services for its small-business customers. They include a new online business-loan application, new business credit cards, and a new business cash-management platform.
Online-lending platform
M&T Bank plans to start offering online business loans "in early September," Julia Berchou, assistant VP for corporate communications, tells CNYBJ.
The new service will enable current business clients to apply for loans and lines of credit up to $100,000 through a "simple" online application. In most cases, the bank will notify customers of approval decisions the same business day, and M&T promises to fund the loans within three business...