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Main Street Lending Program Broadened to Attract More Lenders, Borrowers

Abrigo

Key Takeaways The soon-to-begin Main Street Lending Program (MSLP) aims to fulfill a need for mid-sized businesses to access relief funds amid the coronavirus pandemic. If a business secured a PPP loan, it is still eligible to apply for an MSLP loan; however, MSLP loans are not forgivable. While this is a promising sign, 13.3%

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Why Main Street SMBs Are A Greenfield For InsurTech

PYMNTS

” Opportunity On Main Street. The low-hanging fruit for technological disruption of business insurance is on Main Street, he said, largely because businesses with 100 or fewer employees can be serviced in a fairly standardized way. “We can do that all automatically.” It’s a major expense.

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How Square’s Results Spotlight Main Street SMBs’ Resilience — And (Cash) Challenges

PYMNTS

All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway. But revisiting management commentary and specific sub-segments of the reported data — specifically Square Capital and Cash App — shed additional light on where merchants see opportunity and challenge right now.

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Drip Capital Aims To Create Trade Finance Network For Cross Border Buyers, Suppliers

PYMNTS

And enter Drip Capital , the middleman that serves as the financial grease that enables trade to flow, easing concerns of both buyers and suppliers. said Pushkar Mukewar , co-founder and CEO of Drip Capital in a conversation with PYMNTS’ Karen Webster. “For COVID Was A Much-Needed Stress Test. Blockchain To Bangladesh.

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Bank Product Profitability and Productivity

South State Correspondent

We focused mainly on customer profitability and used risk-adjusted return on capital as a proxy for profitability. Through this understanding of profitability and productivity, bank managers can set better strategies and tactics plus start to optimize the allocation of capital. increase in M/B.

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On-Demand Platform Moteefe Secures $5M Funding

PYMNTS

Gresham House and Force Over Mass Capital led the round to bring Moteefe’s total financing to $12.5 Specializing in on-demand production of merchandise, Moteefe , an e-commerce platform, has obtained $5 million in Series A funding, according to published reports Thursday (Feb.

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Capital One Gauges Payment Execs’ Tech Appetite

PYMNTS

Capital One released a new survey Thursday (April 6) to uncover why payment professionals who aware of the benefits of new technologies are holding themselves back from actually adopting those tools. Increased security and controls were cited by 44 percent of professionals as a driver of implementation.

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