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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

PYMNTS

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122
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Funding Options Criticizes UK Approach To Late SMB Tax Payments

PYMNTS

Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments. The tax authority applied to close 4,160 businesses last year, reports noted. That’s an 11.5 That’s an 11.5

Taxes 108
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5 Reasons to expand small business lending

Abrigo

In the 2015 Growth Strategy Survey by Bank Director , the most commonly cited areas for growth were Commercial Real Estate Lending, C&I loans, SBA loans, and Construction loans. which means their capital needs fluctuate. businesses are sole proprietorships or small businesses. Small businesses in the U.S.

Lending 150
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Lendingkart Lends Credit Risk Tech To FI

PYMNTS

16) said Lendingkart will offer its credit risk assessment technology to banks and other alt-lenders starting in 2017. According to Lendingkart Cofounder Harshvardhan Lunia, the company will look to expand its reach in the SME lending market over the next six months by having other banks use its credit risk analytics software.

Lending 100
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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

We’ve got 17 months’ worth of cash without further raises of capital,” the executive said. The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. Banks also got more strict with their lending requirements, which resulted in a slowdown in credit card balance growth.

Seattle 100
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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

Financial institutions that want to play in the small business lending sandbox need to bring their digital toys. But how can community banks successfully compete with big banks and fintechs that are spending billions on their digital lending capabilities? Source: DeBanked ) Square Capital lent about $1.6 Source: DeBanked ).

Lending 126
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One of commercial banking’s biggest challenges solved by Sageworks’ “Most Innovative” product

Abrigo

Experts agree that while commercial lending is a critical banking service, it has been one of the least automated and technology-reliant aspects of banking today. A credit risk manager at one bank with $900 million in total assets estimated that her team received approximately 8,220 tax returns in the 2015 calendar year.