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How to Win Small Business Loans This Year

Abrigo

Making small business loans efficient and worthwhile Digitalizing the lending process can help financial institutions win small business loans and meet customers' needs. You might also like this webinar on small business lending best practices. Top problems in small business lending. Roadblocks to Success.

How To 195
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Biz2Credit Raises $52M In Funding To Expand

PYMNTS

Biz2Credit, the online lending platform that helps banks and other financial institutions manage small and medium-sized business (SMB) lending processes, announced Tuesday (June 4) that it raised $52 million in venture funding. In a press release , Biz2Credit said the Series B funding round was led by WestBridge Capital.

Lending 122
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Building your growth plan: Key metrics to consider - Part 3

Abrigo

While increasing the volume of qualified loan applications is an important component of any growth strategy, leadership at these institutions may not consider that there are ample opportunities already available in their loan application pool. This practice is designed to mitigate risk, but it can also limit lending opportunities.

Analysis 150
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Do you know your bank or credit union’s top priorities?

Abrigo

Does senior leadership do a good job of communicating its top priorities? In a recent online survey of more than 1,000 bankers using Sageworks’ solutions, bankers indicated that priorities are fairly diverse. Once you understand the risk, bankers can grow their portfolio in line with their risk appetite and overall strategy,” he said.

Survey 150
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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

Colombian alternative small business lending platform Sempli announced $8 million in funding this week from Oikocredit and Incofin CVSO, according to a press release. Developed as an online bank for startups, Mercy launched in April of this year. digital bank Mercury announced $20 million in Series A funding in a blog post. Engage:BDR.

Payments 149
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Wake up: Your bank is not efficient

Gonzobanker

Progress made in the efficiency ratio has primarily been achieved by: greater interest income through lending activity; a near-zero cost of funds environment; and. To reach the efficiency levels of a next generation bank, leadership needs to set more ambitious targets for employee and staff dollar productivity.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

That’s followed by residential mortgage lending (36.3%), small business lending (32.1%), commercial and industrial (C&I) lending (30%) and agricultural lending (23.6%). For example, we don’t do mortgage lending right now, because we don’t have the compliance expertise and staff knowledge,” Silveria says.