more than 28 banks. >> joining us with more on that in an exclusive interview, we welcome back tim sloane, who's president and chief operating officer at wells fargo. tim, always good to see you. thanks for joining us. >> good to see you, bill. hi, kelly. >> welcome. >> this is part of an initiative you guys set up two years ago to put together a $100 billion loan portfolio. you're at $40 billion now. is sth a new initiative or a jump start? clarify that for us. >> sure. so you're right bill two. years ago we set up a five-year commitment to small business. we're $40 billion into that commitment. smalls by is a very important part of our business model. it's the life blood of the economy in the u.s. so the fast flex small loan protect is just that. we're going to provide more convenience to our customers by offering them the opportunity to apply online. get an answer very quickly, and have the money in their account the next day. >> it's interesting that this happens the same day lending clubs had some well publicized struggles and it caps off a couple of months when a lot of these lendin