- M&T Bank (NYSE:MTB) introduces new services for small businesses, including online business loans, a new credit card program, and a new automated clearing house and wire transfer service..
- MTB will enable current business clients to apply for loans and lines of credit up to $100,000 through an online application. In most cases, customers will be notified of approval decisions the same business day.
- It's also starting a credit card program that will include a business rewards credit card that offers 1.5% cash back on all purchases and the M&T business credit card. Both are available with 0% APR on purchases and balance transfers for 12 billing cycles.
- The ACH and wire transfer service, called M&T BizPay, is integrated with M&T online banking for business and intends to provide a simpler channel for business clients to quickly pay vendors and perform payroll services.
- Source: Press Release
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