National Bank of Coxsackie (OTCMKTS:NCXS) Launches New Small Business Lending Platform

National Bank of Coxsackie (OTCMKTS:NCXS) is moving in a range after launching a new Small Business lending platform called NVC Express. Small businesses will now use the platform to request lending, with the overall process, starting with application to financing, being handled digitally.

Market Stats

On Friday, NCXS stock ended flat at $51 with more than 20 shares, compared to its average volume of 10 shares. The stock moved within a range of $51.00 – 51.00 after opening trading at $51.

Key Details

 This effort is one of the larger set of activities to sustain the National Bank of Coxsackie’s expansion and development while improving the client experience and eliminating friction.

The company’s Chief Credit Officer, Charlene L. Slemp, stated that they are delighted to announce the new digital application channel for lending. Slemp said they recognize that small company owners value their time and would like to simplify the procedure of acquiring a term line of credit as simple, quick, and painless as possible.

 Equally, the company is excited to serve current clients and form new relationships. National Bank of Coxsackie remains committed to offering clients similar products to large banks offer. So NCXS is worth watching.

Key Quote

“We are excited to announce our new online application channel for small business loans,” National Bank of Coxsackie’s Chief Credit Officer Charlene L. Slemp commented. “We understand that time is an invaluable resource to small business owners, and we want to make the process of obtaining a term loan or line of credit easy, fast, and hassle-free. We look forward to serving existing customers and developing new relationships.”