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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

Just ask Carvana, the leading online automotive seller and a major force in changing the way people buy cars. This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”.

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This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass

CB Insights

Laka , a London-based community-driven insurance technology company, raised $4.7M Proformex , a Cleveland-based life insurance policy management platform, raised $500K from undisclosed investors as indicated in its Form D filing. AXA confirms its plans to sell its Eastern Europe operations to Austria’s Uniqa Insurance Group for $1.1B