Bank Innovation

FEBRUARY 3, 2020

to offer small-business loans through the tech giant’s platform, according to a person with knowledge of the matter. The move marks another chapter in the Wall Street firm’s efforts to seek new lines of business to boost revenue outside its traditional strengths of trading and […]. Goldman Sachs Group Inc.

Groups 221

Groups Lending 221

Abrigo

APRIL 14, 2020

Key Takeaways The Federal Reserve recently unveiled a new loan-purchase program, the Main Street Lending Program (MSLP) Unlike the PPP, loans provided under the MSLP are not eligible for loan forgiveness Community financial institutions play an important role in the MSLP. savings and loan holding companies. learn more.

Maine 195

Maine Lending Community Study 195

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Ublocal

JUNE 5, 2023

Working capital is the lifeblood of any business, but it can be challenging for small business owners and entrepreneurs to get conventional financing. SBA loans were created to fill that gap. Contrary to popular belief, SBA loans aren’t just for start-ups or businesses that get turned down for conventional loans.

New Hampshire 98

New Hampshire Vermont Resources Taxes 98

ABA Community Banking

NOVEMBER 29, 2022

More than half of community bankers in a recent survey cited small business loans as a high priority in 2022, with most small business owners saying in the same poll that they plan to borrow an average of $2 million over the next two years.

Community Bank 111

Community Bank Survey Community Lending 111

PYMNTS

JULY 29, 2019

Following its disclosure that JPMorgan Chase would no longer originate new small business loans through OnDeck’s platform hosting Chase Business Quick Capital, shares in OnDeck fell 22 percent. The partnership allowed the bank to offer small businesses loans online.

Capital 134

Capital Online Report US 134

PYMNTS

DECEMBER 30, 2019

Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small business lending by 30 percent, the Financial Times reported on Sunday (Dec. Skeptics worry that making risky loans could have the opposite effect. Last year’s total loans were ¥1.7

Lending 131

Lending Policies Report Industry 131

PYMNTS

JANUARY 13, 2020

challenger bank Starling Bank continues to revamp its small business lending strategy with the launch of proprietary SMB loan services, the company announced on Monday (Jan. Starling also announced the introduction of paid features for small businesses and sole traders.

Lending 131

Lending Taxes Strategy Capital 131

Abrigo

APRIL 21, 2020

Key Takeaways Beneficial State Bank, a Community Development Financial Institution (CDFI) was able to award SBA approval for 333 Paycheck Protection Program loans worth $94.5 The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans.

Security 195

Security Lending Community Oakland 195

American Banker

JANUARY 8, 2024

The legislation is the latest step in California's effort to crack down on high-cost small-business loans.

California 85

California Compliance Lending Regulation 85

Commercial Lending USA

MAY 8, 2023

Need funding for your business with no revenue? Learn about the best options for no revenue business loans and how to qualify on our blog.

How To 96

How To Lending 96

PYMNTS

DECEMBER 29, 2019

business loans and capital investment have essentially plateaued in the second half of 2019, in what experts say is a reflection of the slowing industrial economy. The industrial slowdown crippled markets and made way for big businesses to take advantage of cheap financing deals that were available.

US 132

US Capital Lending Industry 132

Abrigo

NOVEMBER 15, 2019

Many of the objectives of a credit risk review system support business goals. Keys to effective loan review are independence, sufficient standing in the organization, and adequate funding. Regulators consider an effective loan review system vital for financial institutions’ efforts to meet safety and soundness standards.

System 150

System Lending Compliance Risk Management 150

PYMNTS

APRIL 17, 2020

small businesses hit hard by the coronavirus pandemic. Administered by the Small Business Association (SBA) and processed through financial institutions (FIs), including banks and selected FinTechs, the program offers small- to medium-sized businesses (SMBs) loans worth twice their monthly payroll expenses.

Community Bank 149

Community Bank Community Maine Georgia 149

PYMNTS

APRIL 6, 2020

Wells Fargo announced it will begin taking loan applications on Monday (April 6) as part of the Paycheck Protection Program (PPP) and will disperse $10 billion to nonprofits and businesses with fewer than 50 employees. The loans can be used to cover costs like payroll, utilities, mortgage interest and rent. .

Resources 162

Resources Leadership Regulation Compliance 162

Commercial Lending USA

FEBRUARY 9, 2024

SBA Loan Prepayment Penalty: A Simple Guide for Business Owners. Uncover potential costs and make informed financial choices for your success.

Lending 52

Lending 52

PYMNTS

FEBRUARY 4, 2020

As business loan performance drops off, U.S. The Fed’s quarterly survey of senior loan officers from 74 domestic banks and 22 U.S. Loan performance is expected “to deteriorate somewhat” for all categories except for closed-end residential mortgage loans. .

Survey 131

Survey Lending Cards Regulation 131

The Paypers

DECEMBER 15, 2023

British Business Bank has launched an asset-based lending version of the Recovery Loan Scheme to make it easier for businesses to access finance.

Lending 69

Lending 69

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

JULY 16, 2020

on Thursday (July 16) became the latest bank to report some good news in its second-quarter results, but there is also a lot of evidence that the consumer-banking business is being pummeled by COVID-19. Small Business Administration’s Paycheck Protection Program (PPP) based on gross funding. billion of commercial loans, $13.8

North Carolina 147

North Carolina Charlotte Report Cards 147

Bank Innovation

MAY 20, 2019

Business banking startup Azlo and digital lender Kabbage are teaming up to offer loans to small business customers, including those underserved by the big banks. Their pitch is a fully digital tool that offers access to working capital for gig economy business […].

Capital 170

Capital Tools Company Lending 170

Commercial Lending USA

JANUARY 8, 2024

We delve into the world of hotel and hospitality business loans, exploring the various facets that business owners should consider.

Lending 52

Lending 52

PYMNTS

SEPTEMBER 17, 2020

The Consumer Finance Protection Bureau (CFPB) has a new plan for how it looks at data from minority- and women-owned businesses, according to a report from Morning Consult. The outline has three potential thresholds for exemption: banks that make less than 25 loans or $2.5 million, 50 loans or $5 million, or 100 loans or $10 million.

Data 132

Data Community Bank Community America 132

Jack Henry

SEPTEMBER 14, 2023

Win more small business loans by enabling your SMB to grow, invest in equipment, hire employees, and manage cash flow. Learn more in the latest FinTalk blog.

Management 88

Management Strategy Lending 88

PYMNTS

MAY 18, 2020

After a financial watchdog raised the issue, banks in Britain are looking into whether they pressed businesses into giving them more work in exchange for loans amid the pandemic. At the time, it had noted that the move puts most of the risk that the loan goes bad on the owner of the firm in lieu of the institutions.

Regulation 141

Regulation Report Compliance Lending 141

Payments Source

APRIL 21, 2020

Veem specializes in cross-border payments, but when small-business customers clamored for help this month with emergency SBA loans, the fintech responded.

Fintech 172

Fintech Mobile Payments 172

Commercial Lending USA

SEPTEMBER 1, 2022

Working capital SBA loan. Apply for a low-interest, fixed-rate loan for your business today. You must ensure the loan is affordable for you.

Capital 98

Capital Lending 98

Commercial Lending USA

AUGUST 29, 2022

Do you know that there are many loans available for veterans? If you have been struggling to get a small business loan, this article will help you understand the process and what to expect from your lender.

Lending 98

Lending 98

Bank Innovation

JANUARY 21, 2020

As Visa Inc., Mastercard Inc. and American Express Co. prepare to enter China for the first time, one of their biggest competitive threats will come from a company that doesn’t issue credit cards.

Mobile 332

Mobile Cards Marketing Payments 332

American Banker

JULY 20, 2023

The Small Business and Entrepreneurship Committee voted nearly unanimously to advance a bill that would halt a plan by the Small Business Administration to open up some of its loan programs to fintech companies.

Fintech 69

Fintech Company Policies Compliance 69