LITTLE ROCK - SunTrust Credit Corp. said Monday that it is using credit decision software from of Dedham, Mass., to automate approval of small-business financing and lines of credit.

The software is meant to shorten processing time from days to seconds for business loans of up to $75,000. By referencing outside information sources and using scorecards customized by SunTrust Credit, the commercial specialty finance subsidiary of SunTrust Banks Inc., the software automatically determines whether credit requests should be granted.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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