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

Abrigo

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

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

Abrigo

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e.,

Lending 243
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CEO Q&A: Opportunity Rising in the Midwest

ABA Community Banking

After a career as a nonprofit executive, Midwest BankCentre Chairman and CEO Orvin Kimbrough discusses the unique perspective he brings to his role and how his bank is reaching underserved communities in the St. Louis area. The post CEO Q&A: Opportunity Rising in the Midwest appeared first on ABA Banking Journal.

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How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

However, many traditional community lenders will face real challenges meeting their lending goals for more business loans and higher yield, given expected interest rate hikes, higher non-interest expenses, and increasing competition for borrowers. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195
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Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

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Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21

Fintech Labs Insights

Online network for private equity community. Louis, Missouri. The post Fintech Fundings: 24 Companies Raise $440 Million Week Ending May 21 appeared first on Finovate. HQ: Vancouver, BC, Canada. Latest round: $8 million Series A. Total raised: $8 million. Source: Crunchbase. HQ: New York City. Latest round: $7.3