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How To Do Better Against National Bank Lending Competition

South State Correspondent

There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Loans, deposits, fee services, branches, product lines, and relationships can all be measured using a RAROC model, allowing for better capital allocation, product development decisions, and product pricing.

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Coast Capital On Weathering The Pandemic And Planning For The Future

PYMNTS

CUs’ production units could not afford to miss deadlines with members’ financial needs at stake, said Nancy McNeill , senior vice president of Operations at Coast Capital Savings Federal Credit Union. McNeill said Coast Capital, like numerous other CUs, has seen robust growth in the number of members who have gone digital during the pandemic.

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How to Win Small Business Loans This Year

Abrigo

The ABA stated in its October 2021 State of Digital Lending report that “baby boomers, who until 2020 lagged in digital adoption, upped their online game, with 68 percent skipping human interaction to make a decision about banking products, up from 55 percent before the pandemic.” How to Win Small Business Loans This Year. Learn More.

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How to Lend More to Small Businesses

Gonzobanker

The Small Business Credit Crisis If you search online for “small business challenges,” the list that Google returns is nearly endless. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. If you’re willing to borrow at predatory rates, you can get capital. Risk profile.

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PayPal Invests $11M In Online Return Service

PYMNTS

PayPal ’s venture capital arm has invested $11 million in online returns service Happy Returns. “Happy Returns is building a network of physical return locations called Return Bars to enable in-person returns from online shoppers.”

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How to Increase Member Business Lending

Abrigo

Learn how to streamline your loan origination process. From online loan applications to automated loan decisioning , today’s technology enables credit unions to make lending decisions quickly and support greater loan volumes. These loans help to bolster local economies by providing capital to small businesses and entrepreneurs.

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Is it Too Late to Automate? How to Get Started with PPP Lending

Abrigo

Automation is key to streamlining PPP loans and getting capital into the hands of small business owners quickly. To meet the volume of needs, automating the lending process is important to get capital into the hands of small business owners quickly. How to Get Started with PPP Lending. The demand for PPP loans is extremely high.

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