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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

Key Takeaways Beneficial State Bank, a Community Development Financial Institution (CDFI) was able to award SBA approval for 333 Paycheck Protection Program loans worth $94.5 The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans.

Security 195
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Popular Bank Brooklyn Fifth Avenue location is now a BDD branch

PopularBank

The branch will increase community lending and financial education initiatives to foster economic empowerment and financial inclusion. Harris shared, “The BDD Program is a critical tool which enables DFS to support affordable banking services and resources in underserved communities,” said.

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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

The first forum focused on marketplace lending and examined how marketplace lending operates, potential consumer benefits, consumer protection issues, and the potential applicability of various consumer protection laws. Report on fraud in African American and Latino communities. Changing demographics workshop.

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Eyes Facing Forward

Independent Banker

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Many workshops will address changes shaping our industry today as well as its future. Here’s what three of those forward-looking workshops will be covering.

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Helping credit unions grow organically: Proper software implementation & integration

Abrigo

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. This could include case study preparation, onsite training, web-conferencing, workshops with other institutions and ongoing User Groups.

Software 150
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Facebook Teams With Mexico SMB Alt-Lender Konfio

PYMNTS

Targeting about 8,000 businesses, the events will take place in various cities with both Facebook and Konfio offering conferences and workshops to educate and support entrepreneurs and small business owners. Reports in Contxto Thursday (Sept.

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Starting a Small Business in Northern Vermont and New Hampshire

Ublocal

The Vermont Small Business Development Center also provides advice and workshops to both new and experienced business owners. Working with a local financial institution like Union Bank, you’ll benefit from over 130 years of experience and support for our community. We know a thing or two about the area—we’ve been here since 1891!