CHARLOTTE, N.C. - Bank of America Corp. has signed a three-year agreement with Seattle-based Capital Stream to provide real-time credit applications and approvals for its small-business clients.
In the first phase of the implementation, Bank of America's two million small-business customers will be able to complete an online business credit card application from Bank of America's small-business portal. Customers will get a response in less than a minute. In the future, small businesses will be able to gain access to automated equipment financing, business loans, and lines of credit.
