Remove Capital Remove Lending Remove Management Remove St. Louis
article thumbnail

Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Quick Stat.

Lending 158
article thumbnail

Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. Louis and Dayton, Ohio. Mastercard said it will invest $500 million in Black communities across the U.S.

Community 282
Insiders

Sign Up for our Newsletter

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

article thumbnail

FIS, The Clearing House Partner To Connect Small, Mid-Sized Lenders To RTP

PYMNTS

The Jacksonville, Florida-based financial software company provides a managed platform service for banks to quickly and cost-effectively connect to the Real-time Transport Protocol (RTP). First Bank of St. Louis, one of the largest privately-owned banks in the U.S.,

St. Louis 130
article thumbnail

The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243
article thumbnail

Fed Casting Wary Eye On FinTech Firms’ Infrastructure Access?

PYMNTS

central bank, is getting a bit worried about sharing some of the financial infrastructure with tech upstarts such as OnDeck Capital and Kabbage , a sense of caution that the newswire said puts the bank “at odds with other regulators looking to bring [those firms] into the fold.”. Reuters reported early Monday (Jan.

Fintech 148
article thumbnail

Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

If you add the $6 billion in new capital raised in the IPOs of Worldpay, Square and First Data, the 2015 total is a nice even $25 billion. Social media management & compliance for financial institutions . Louis, Missouri. Credit risk management. Social media financial compliance specialist Gremln raised $1.4

article thumbnail

Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13

Fintech Labs Insights

Capital Float. Working capital financing. Capital Float. Working capital financing. Online payments & cash management for small businesses. Louis, Missouri. Financial & time management service for freelancers. Source: Crunchbase. Bridge2Solutions. Latest round: $35 million Series A.

Company 12