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Community banks most likely to approve small business loans

Abrigo

The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia. Firms seeking credit had varying purposes for doing so, but among the most popular were expanding their business, funding day-to-day operations and replacing capital assets.

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The Future of Noninterest Income at Financial Institutions

Abrigo

Finally, banking alternatives such as Chime-Spot Me, an app offering to cover debit card purchases and cash advances that overdraw the account from $20 to $200 without an overdraft fee, have become more competitive. At noncommunity banks, share of net operating revenue from noninterest income fell to 34% from 39% in the same timeframe.