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

Abrigo

With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to numbers from the St.

Lending 195
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. Louis Fed : [S]mall-business loans—i.e.,

Lending 243
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Fintech Fundings: 9 Companies Raise $73 Million Week Ending Dec 31

Fintech Labs Insights

Social media management & compliance for financial institutions . Louis, Missouri. Credit risk management. Tags: Enterprise, payments, mobile, security, Wocket Wallet (product name), hardware, credit/debit cards. Source: Crunchbase. Mobile wallet & biometric solutions. Latest round: $2.1 ModeFinance.