Great Western Financial Corp., is taking a giant leap into the crowded market for small-business loans.

The nation's second-largest thrift formally opened its business banking unit last week and unveiled an unsecured credit line with a maximum limit of $50,000 and 24-hour approval time.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.