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Lenderfit Launches SMB Lending Tech In Beta

PYMNTS

Small business lending technology company Lenderfit has rolled out its services in beta, connecting financial institutions to solutions to facilitate small business lending. Federal Reserve found an increase in small business capital demand in 2018 compared to 2017. Recent research from the U.S.

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Hillbilly Elegy Author J.D. Vance Heads To Ohio In Search Of Investment Opportunities

PYMNTS

And there are some serious funds on offer — Revolution funds has over $1 billion in capital to hand out to firms at all stages of development. Ohio, by comparison, attracted $303 million, and Kentucky $22 million. “A The goals of the fund are twofold. A lot of problems I write about are not entirely economic,” said Vance.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

They are/were the business owners, demanders of capital and loans, and significant depositors. So banks, even community banks like [bank name] must take a sharp pencil to prune their branch network to compete with the higher interest rates of online banks, make investments in people and technology, and deliver to their shareholders.

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Onovative Raises $1 Million in New Funding

Fintech Labs Insights

“(We) feel that this round of funding gives us the ability to continue to achieve our vision of providing community banks and credit unions with software that is simple to use and affordable.” the platform automates cross-selling and marketing communication for more than 1 million accounts a day.

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The Paycheck Protection Program, Round Two

PYMNTS

That’s aimed at community banks and credit unions, a move meant to rectify a flaw in the first appropriation, where mom-and-pop businesses found themselves crowded out of PPP funds by larger “small” businesses that worked with big banks. . USHG noted that it’s burning through money and facing operating losses of over $1.5

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