Bankwell Bank's CIO, Ryan Hildebrandt joins Casca's CEO Lukas Haffer in a podcast on how AI is transforming small business lending.
Launching a new $10,000 small business loan product in 2 weeks
Casca partnered with an FDIC-insured bank to launch a fully automated small business loan product, featuring instant credit decisions and automated KYB/KYC.
Client
FDIC-insured Bank
Year
2023
Service
Small Business Lending
Overview
The bank identified a gap in the market for quick-access small business funding. Traditional loan products were taking too long to process and required extensive manual review.
In just 2 weeks, Casca helped launch a fully automated $10,000 small business loan product:
5-minute application process with instant decisions
Integrated credit pulls, KYB, and KYC checks
Automated document verification and contract generation
Electronic signatures for seamless closing
90%+ conversion rate from application to funding
Additionally, the bank’s product team can now set up a new loan product and origination process (e.g., SBA 7(a) loans) in 30 minutes, without needing to write any code.
What we delivered
2 weeks
Time to market
5 min
Application time
90%+
Conversion rate
$10,000
Loan amount
