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Opportunity Fund Teams With CUs For SMB Lending Campaign

PYMNTS

The San Jose-based community development financial institution, or CDFI, on Tuesday (Jan. Longtime small business microlender Opportunity Fund is teaming up with a trio of credit unions (CUs) as part of the nonprofit’s bid to invest $1 billion in “marginalized businesses” across the country over the next two years.

San Jose 198
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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

San Jose 261
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Subscription Business Models Lead B2B VC Funding

PYMNTS

Venture capital appears to be picking back up in the B2B technology startup community. alternative lending platform FundingXchange secured $10 million in fresh investment led by Downing Ventures and Gresham House Ventures, while Hambledon Capital also participated, reports in Insider Media said. FundingXchange.

San Jose 226
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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth.

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Fine-Tuning Decisions

Independent Banker

in San Jose, Calif., Adoption by community banks of the model is still likely a year or more away as lenders gradually upgrade to the new model. Regardless, the initial reaction is that FICO Score 9 could be good news for lenders, say several banking and lending analysts. Featured Lender Life Lending Mortgage'

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New Investment for Dealstruck Boosts Lending Capital to More than $100 Million

Fintech Labs Insights

Dealstruck has raised $10 million in new capital from Community Investment Management. The online business lender now has a total capital of $70 million and says the investment will enable it to lend more than $100 million to small businesses. “And growing the capital pool means more access and more opportunity.”

Capital 12
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LendKey Adds $8 Million in Venture Debt; Reaches $800 Million in Loans

Fintech Labs Insights

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks. Jason Hills, SVP Sales.