Seattle Bank has begun offering a personal line of credit through its digital channel.
The $752 million-asset bank said in a press release that the product offers credit lines ranging from $15,000 to $150,000 with the ability to draw funds over time.
“As the rate at which people digitally manage their money continues to accelerate, we see the opportunity to deliver more meaningful value for an expanded group of consumers,” John Blizzard, Seattle Bank’s president and CEO, said in the release.
“The launch of the [line of credit] as part of the digital direct suite underscores our position as a digitally driven boutique bank with a technology platform and business strategy to craft a better banking experience,” Blizzard added.