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China Fiscal Policy At Odds With SMB Lending

PYMNTS

29) that the government’s efforts to spur small business lending by pumping money into the financial services market has yielded only modest success. The publication pointed to the government’s conflicting policy of stricter lending rules as one reason why efforts to boost small business loan volumes hasn’t taken off.

Policies 100
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Lending to nonprofits: Considerations for credit analysis

Abrigo

Financial institutions considering lending to nonprofits may want to be aware of these recent financial trends, as well as some of the ways lending to these organizations might differ from lending to for-profit businesses. Here are two mistakes to avoid when lending to nonprofits , according to the firm: 1. percent to $5.17

Analysis 150
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FinTech Firms Show Banks The ‘Art Of The Possible’ In SMB Lending

PYMNTS

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. On the upside, researchers found small businesses’ demand for loans is at its highest level since 2012. For banks, the reason often comes down to profits.

Lending 159
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CFPB announces new Deputy Director and additions to executive team

CFPB Monitor

For example, Steven Antonakes, who served as Deputy Director under former Director Cordray, simultaneously held the position of Deputy Director and Associate Director for Supervision, Enforcement, and Fair Lending.). He first joined the Bureau in 2012 as a program specialist for the Office of Financial Empowerment.

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Why Banks Reach For The Unprofitable, Demanding SME

PYMNTS

The dominating narrative in small business lending is the rise in alternative finance to fill the gaps left behind by traditional banks. Sageworks , which develops financial data management solutions for financial institutions, has just entered the SME lending arena with a new solution that provides banks with small business lending support.

Lending 100
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What SEC Filers Have Learned About CECL Implementation

Abrigo

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

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The Niche Bank

Jeff For Banks

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank. Seems risky.