Agents Now Able to Offer Commercial Banking Products Through Capital Avenue

October 17, 2001

Capital Avenue, a company that provides insurance agencies the ability to offer commercial banking products to their business customers through a simple, co-branding arrangement, announced that a number of independent insurance agencies have already become a part of Capital Avenue’s Affiliate Marketing Program (AMP).

By working with financial institutions, Capital Avenue provides insurance agents the ability to seamlessly offer lending and leasing products to their commercial clients through the Internet. For example, Capital Avenue has partnered with a provider of premium financing and this will allow agents to offer this service to clients through the web.

Other commercial banking products available at launch include: business loans; SBA loans; leasing; receivables financing; discount purchasing; and merchant services. The resulting partnership creates a new revenue stream for the insurance agency and provides a value-added service for their business customers.

Agents receive their own customized, co-branded website, and comprehensive marketing and service support.

Based in New York City and Hartford, Conn., Capital Avenue provides non-financial institutions with the ability to offer commercial banking products such as premium financing, business loans, SBA loans, leasing, receivables financing, discount purchasing and merchant services, to an entity’s business customers. These financing opportunities are brought together through Capital Avenue’s relationships with financial institutions, including: National Cooperative Bank; Sierra Cities; Republic Leasing; and CIT Small Business Lending. More information on Capital Avenue can be found at www.capitalavenue.net or by calling (800) 883-2498.

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