Camden National Bank introduces online small business borrowing with launch of BusinessTouch

Camden, Maine, October 9, 2018 – Camden National Bank announced today the launch of BusinessTouchTM, a new online loan application system designed to make the borrowing process faster and easier for businesses. The system will provide instant decisions on approvals for loans up to $75,000 and for lines of credit up to $25,000. Once a loan is approved, the customer will work with one of Camden National Bank’s business lenders to fund the loans, a process that can happen in as little as one business day. Camden National Bank is the first Maine-based bank to offer an instant decision via a digital loan application.
 
“BusinessTouch aims to simplify and accelerate the borrowing process, while still offering the personal guidance and assistance of our lending and support teams,” said Tim Nightingale, Executive Vice President, Senior Lending Officer at Camden National Bank. “By investing in technology to offer flexible, tailored loan solutions, we’re committed to helping businesses prosper and grow in our communities.”
 
BusinessTouch comes about a year and a half after Camden National Bank announced MortgageTouch®, their online mortgage application system for consumers. Both secure platforms enable borrowers to apply at any time of day and complete a loan application in as little as 15 minutes.
 
“BusinessTouch and MortgageTouch are investments we’re making in our digital platform to serve the needs of small businesses and individuals,” said Greg Dufour, President & CEO of Camden National Bank. “These product introductions are the result of developing relationships with strong FinTech partners who understand the unique capabilities of a community bank.”
 
More information about BusinessTouch and small business borrowing with Camden National Bank can be found at: www.camdennational.com/businesstouch
 
About Camden National Corporation
Camden National Corporation (NASDAQ:CAC), headquartered in Camden, Maine, is the largest publicly traded bank holding company in Northern New England with $4.2 billion in assets and nearly 650 employees. Camden National Bank, its subsidiary, is a full-service community bank founded in 1875 that offers an array of consumer and business financial products and services, accompanied by the latest in digital banking technology to empower customers to bank the way they want. The Bank provides personalized service through a network of 60 banking centers, 71 ATMs, and lending offices in New Hampshire and Massachusetts, all complemented by 24/7 live phone support. 2017 marks the 8th time Camden National Bank has received the “Lender at Work for Maine” Award from the Finance Authority of Maine. Comprehensive wealth management, investment and financial planning services are delivered by Camden National Wealth Management. To learn more, visit CamdenNational.com. Member FDIC. Equal Housing Lender.