PYMNTS
JUNE 15, 2020
Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.
Jeff For Banks
APRIL 30, 2022
This was the conversation I had with a senior lender of a client at the Massachusetts Bankers' Association annual convention. I understand this is financial alchemy, but most of our clients allocate more capital to the business loan because it has less reliable collateral.
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PYMNTS
MARCH 26, 2020
Each week, PYMNTS will round up some of the latest initiatives from governments, banks and FinTechs around the world to lend support for small businesses struggling as a result of the coronavirus. have launched new crowdfunding programs to support SMBs’ need for capital. Fed Calls On Small Banks. FinTechs Encourage SMB Crowdfunding.
PYMNTS
NOVEMBER 20, 2017
According to the lending platform, this is also its first credit facility rated by DBRS, Inc. Only weeks ago, news surfaced that a small business borrower in Massachusetts that used the Kabbage platform filed a lawsuit against the company and Celtic Bank.
PYMNTS
SEPTEMBER 28, 2020
He said the company’s new owners include PIMCO, a California-based global investment management firm, Davidson Kempner Capital Management LP, a global institutional alternative investment management firm headquartered in New York City and Sixth Street Partners, the San Francisco global investment firm.
PYMNTS
JUNE 27, 2019
At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.
PYMNTS
JUNE 14, 2018
“Many groups that were granted licenses in the first application round in Massachusetts in 2014 are still not open today, largely due to the inability to find the $4 million to $6 million minimum needed for a large-scale, vertically integrated cannabis operation,” the publication wrote.
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