Cross River Lender (Fort Lee) composed a consumer-facing and you may backend system to deal with Income Cover System finance within the a matter of months during the later March/very early April.

The city bank, known for the creativity and make use of of cutting-edge technology, dedicated the whole team from 300 to make this happen.

The bank wound up processing throughout the ten,100000 loans from inside the program’s basic stage and you can nearly 100,one hundred thousand more into the program’s second stage, told you Phil Goldfeder, elderly vp regarding societal issues from the Cross River, when you look at the a conversation which have Aaron Rate, President off TechUnited:Nj within an online event toward June twenty five.