article thumbnail

How Alternative Lending Technology Stays Flexible For SMBs

PYMNTS

In the wake of the 2008 global financial crisis, and banks' subsequent pullback from the small- to medium-sized business ( SMB ) lending arena, a slew of alternative lenders emerged onto the scene to fill the credit gap. What's just as important is to ensure that lending technology is flexible.

Lending 289
article thumbnail

Americans Are Borrowing Like It’s 2008 … Sort Of

PYMNTS

trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. trillion in household debt of 2008 represented 85 percent of the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Reasons to Increase SBA Lending at Your Bank or Credit Union

Abrigo

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. Why SBA Lending? Would you like others articles like this in your inbox? 1 and Sept.

Lending 195
article thumbnail

SMB Alt-Lending Gears Up For Another Industry Shakeup

PYMNTS

and other nations around the world as a result of the global pandemic continues to draw comparisons to the 2008 financial crisis — so it’s only natural that analysts may turn to the past in an effort to predict what could lie ahead. “It comes in waves, there’s no doubt about it,” he said about the alt-lending boom.

Lending 171
article thumbnail

Global Bankers Release $500B In Capital To Facilitate Lending

PYMNTS

The relief has been worldwide thus far, with regulators and central banks freeing up $492 billion that has primarily come from cutting the extra capital limits put in place after the 2008 financial crisis in order to strengthen leaders’ balance sheets.

Capital 150
article thumbnail

CRE risk management: Identify and manage concentration risk

Abrigo

Find commercial real estate risks in the loan portfolio Sound risk management practices in commercial real estate lending help lenders manage CRE credit losses and protect the portfolio's profitability. For example, during the 2008 Subprime Mortgage Crisis, commercial real estate prices fell drastically by 30 percent year over year.

article thumbnail

A Decade On, Lending Transformed By Crisis And Innovation

PYMNTS

And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. 15, 2008 fall of Lehman, which filed for bankruptcy that day. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits.

Lending 148