Remove 2014 Remove Capital Remove Community Remove Regional
article thumbnail

Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

article thumbnail

Visa Makes Minority Investment In Brazil Payment Company Conductor

PYMNTS

Conductor, which has been backed by Riverwood Capital since 2014, is a key technology processing platform for retailers, banks and other companies in Brazil, according to the press release. In a press release , Visa said the investment will go to help Conductor expand its products and to accelerate innovation in payments.

Company 128
Insiders

Sign Up for our Newsletter

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

article thumbnail

Store Front Business Index: Main Street USA, A-OK?

PYMNTS

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. This quarter’s edition shows what happened, through the end of 2015, to the businesses that keep our local communities thriving and surviving.

Maine 100
article thumbnail

Banks Keep SMB Lending Gains Rolling

PYMNTS

Regional and community banks also saw their small business loan approval rates increase, with small banks approving 49.8 According to Biz2Credit, this is the highest approval rate for small banks since November 2014. percent of applications, up one-tenth of a percent from July. Lawmakers are currently probing the U.S.

Lending 102
article thumbnail

Sorodo Expands Platform Beyond Merchant Cash Advances

PYMNTS

In its announcement , Sorodo said it will be expanding its small business lending platform that first launched in 2014 to address the gap in small business funding left in the wake of the global financial crisis. The platform includes local and regional funders, the company noted. The results are presented directly to the applicant.”.

Lending 100
article thumbnail

For Visa, She’s Next Is What’s Next

PYMNTS

The announcement comes as, since 2014, more than 163 million women have launched businesses across the globe, at a rate that outpaces that of businesses launched by men. Atlanta exists as a hub for entrepreneurship, and looking toward global presence She’s Next will also target regions as far flung as the U.K., An inaugural Jan.

Atlanta 189
article thumbnail

How Can Regional and Mid-Tier Banks Catch Up to the Big Banks in Mobile?

Tech and Finance

Regional and mid-tier banks face an uphill battle on the digital front, but have advantages they can capitalize on with some focus and determination. Alarm bells are sounding in boardrooms of regional and mid-tier banks across the U.S. Or at least they should be. The 2016 U.S. Retail Banking Customer Satisfaction Study from J.D.