Umpqua Bank Launches E3 Business Lending Program
February 05 2015 - 4:00PM
Business Wire
Qualifying Business Customers to Receive
Loan Approval within 48 Hours
Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (UMPQ),
today introduced its new E3 Business Lending Program, which
streamlines the commercial loan process and allows businesses to
access specific credit products within an industry-leading 48 hour
approval time in most cases. The program includes commercial and
industrial loans of $1 million or less. More than 80 percent of the
loans in Umpqua’s commercial loan portfolio would fall within this
category.
“Providing local businesses with access to the financial
resources and expertise they need in order to grow is an essential
part of investing in the communities Umpqua serves,” said Cort
O’Haver, Umpqua Bank’s president of commercial banking. “Umpqua is
always looking for how we can deliver bank products and services
differently. With E3, we’re enhancing the expertise of our
commercial banking teams with an industry-leading program to help
our customers secure the capital they need.”
The E3 Business Lending Program streamlines the credit
evaluation process, allowing Umpqua to evaluate credit requests of
$1 million or less in an accelerated manner. More complex
applications that require additional expertise or information will
continue to be managed through Umpqua’s existing commercial banking
and credit programs.
For more information about the program, call 1-866-486-7782 or
visit www.umpquabank.com.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of
Umpqua Holdings Corporation, and has locations across Idaho,
Washington, Oregon, California and Northern Nevada. Umpqua Bank has
been recognized for its innovative customer experience and banking
strategy by national publications including The Wall Street
Journal, The New York Times, BusinessWeek, Fast Company and CNBC.
The company has been recognized for the past eight years in a row
on FORTUNE magazine's list of the country's "100 Best Companies to
Work For," and was recently named by The Portland Business Journal
the Most Admired Financial Services Company in Oregon for the ninth
consecutive year. In addition to its retail banking presence,
Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally
recognized commercial finance company that provides equipment
leases to small businesses.
Umpqua Holdings also owns a retail brokerage subsidiary, Umpqua
Investments, Inc., which offers services through Umpqua Bank stores
and in dedicated offices throughout Oregon. Umpqua's Wealth
Management Division serves high net worth individuals and
nonprofits by providing customized financial solutions and
offerings. Umpqua Holdings Corporation is headquartered in
Portland, Ore. For more information,
visit http://www.umpquabank.com.
Media Contact:Tom Biro, 206-686-6420tom@allisonpr.com
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