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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to numbers from the St. Louis Fed : [S]mall-business loans—i.e., Fed survey data show that lower percentages have said they applied at small banks in each of the last three years.

Lending 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e., Fed survey data show that lower percentages have said they applied at small banks in each of the last three years.

Lending 243
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Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

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How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

Cornerstone Advisors surveys have found that the percentage of community financial institution executives who see fintech companies like Square and PayPal, which offer business loans, as significant threats has increased from 36% in 2021 to 47% in 2022. In a blog series, “ Adapting to the Digital Age ,” researchers from CSBS, the St.

Lending 195
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CEO Q&A: Opportunity Rising in the Midwest

ABA Community Banking

After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area. The post CEO Q&A: Opportunity Rising in the Midwest appeared first on ABA Banking Journal.