Lenders Cooperative Partners with Primis Bank to Modernize Small Business Lending

Strategic Insights -

Lenders Cooperative, a leading provider of loan origination and servicing technology, has announced its partnership with Primis Bank to power its small business lending operations. Primis Bank will leverage Lenders Cooperative's platform to automate the entire workflow for SBA and conventional commercial loans, increasing loan production and streamlining the origination process. This partnership underscores Primis Bank's commitment to delivering innovative and efficient lending solutions to its clients.

Key Takeaways:

  • Primis Bank has selected Lenders Cooperative's platform to power its small business lending operations, automating the workflow for SBA and conventional commercial loans.
  • The partnership will enable Primis Bank to increase loan production, maintain regulatory compliance, and accelerate access to capital for small business clients.
  • Lenders Cooperative's platform will provide Primis Bank with end-to-end lending capabilities, including credit underwriting, loan operations, and SBA LSP Services.
  • The partnership will help Primis Bank to modernize its lending operations, reduce manual errors, and improve overall efficiency.
  • Lenders Cooperative's SBA expertise and LSP Services will support Primis Bank's loan production and compliance requirements.
  • Primis Bank will leverage Lenders Cooperative's platform to advance its small business lending initiatives and support the growth of local businesses.
  • Lenders Cooperative's partnership with Primis Bank highlights the company's commitment to delivering innovative and efficient lending solutions to its clients.
  • Primis Bank's adoption of Lenders Cooperative's platform is a testament to the company's reputation for delivering modern and secure lending technology.

Statistics:

  • Lenders Cooperative's platform will support Primis Bank's efforts to originate $X billion in small business loans annually.
  • The partnership will enable Primis Bank to reduce its loan origination costs by X%.
  • Lenders Cooperative's SBA LSP Services will support Primis Bank's compliance with multiple SBA regulations.
  • The partnership will result in a X% reduction in manual errors and a X% increase in loan production for Primis Bank.

Sources:

  • Lenders Cooperative press release, 2025
  • Primis Bank website
  • Business Wire: "Lenders Cooperative Partners with Primis Bank to Modernize Small Business Lending"
  • Lenders Cooperative website
  • Nasdaq: "Primis Bank (FRST)"