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Small business lending insights Vol. 1

Abrigo

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. You might also like this guide for smarter, faster small business lending.

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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

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Black-owned banks band together to finance pro sports facility

American Banker

Their $35 million refinancing of the Atlanta Hawks’s training complex is being touted as the first time that a professional sports team has secured a loan underwritten exclusively by Black banks.

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U.S. Bank’s Dominic Venturo to speak at Bank Innovation Build 2019

Bank Innovation

Bank Innovation Build will take place November 6-7 at Atlanta’s W Hotel Downtown. Bank, will participate in a fireside chat at Bank Innovation Build 2019, this blog’s event on best practices in banking innovation. Register here.) Bank Innovation Build will bring together industry leaders […].

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How Automated Authentication Helps Propel SMB Loan Disbursements

PYMNTS

The small- to medium-sized business (SMB) lending industry is in a unique position during the pandemic. This importance is especially tangible because many SMBs remain underserved by traditional banks, Kathryn Petralia , co-founder and president of Atlanta, Georgia-based SMB lender Kabbage , explained in a recent interview with PYMNTS. “Of

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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

The global tech firm has teamed with payment processors Fiserv, PTS, FIS, CoreCard, Galileo, i2c, TSYS and Marqeta to give them digital guidelines that will let clients get almost instantaneous access to card information and peace of mind to make secure transactions, among other benefits. Trackers And Reports.

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Arrived Homes Debuts Rental Real Estate Crowdfunding Platform at TechStars Atlanta (Fintech Startup of the Week)

Fintech Labs Insights

If you are familiar with P2P lending, you’ll instantly get the Arrived Homes platform. Raised: – Techstars made an undisclosed investment at the start of its incubator in June (typically $100k) – The company has secure a “sizable” credit line to purchase properties. Press: – Geekwire (22 Oct 2020).

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