Horizon Bank Launches InstaCap for Business Loans


Michigan City, IN. – Horizon Bank, in partnership with Numerated Growth Technologies, a Boston, MA based financial technology company offering a real-time lending platform, has launched an online lending product called “InstaCap” for business loans up to $100,000. Through InstaCap, Horizon Bank’s business customers can apply for a loan online, anywhere and anytime, in a matter of minutes.


“We chose Numerated’s real-time lending platform for the configurability and control it offers, allowing us to drive growth with confidence,” shared Scott Kosik, Vice President and Senior Digital Banking Officer at Horizon Bank. “Eligible businesses customers can apply for a loan up to $100,000 in less than five minutes and receive the funds by the next business day. The streamlined process is 100% digital and customers apply and sign the loan documents on their smart phone or computer. InstaCap enables small business owners, who are often juggling multiple responsibilities and have little free time, to get the financing they need quickly and conveniently. The customer feedback we have received thus far has been very positive and we are excited to expand InstaCap’s capabilities in the future.”


This new lending platform features a dynamic, data-driven credit decisioning engine and intelligent routing capabilities, enabling Horizon Bank to offer a differentiated online lending experience without sacrificing the complexity and oversight required by the Bank’s credit policies.  In addition, the marketing automation capabilities empower Horizon Bank’s sales and marketing teams to drive continuous growth.


For more information on InstaCap, please visit instacap.horizonbank.com or contact one of Horizon Bank’s local business lenders.


About Horizon

Horizon Bancorp is a locally owned, independent, commercial bank holding company serving Northern and Central Indiana and Southwest and Central Michigan through its commercial banking subsidiary Horizon Bank. Horizon also offers mortgage-banking services throughout the Midwest. Horizon Bancorp may be reached online at www.horizonbank.com. Its common stock is traded on the NASDAQ Global Select Market under the symbol HBNC.


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