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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

Regional 145
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Mall Now A Four-Letter Word For Some Operators?

PYMNTS

The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. There are 90 regional malls that have renovated in just the past four years and, as calculated by property consultancy JLL, 17 have stripped away the “mall” designation. Call them something else, then, it seems.

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Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations

PopularBank

Grants Will Benefit Communities Throughout New York, New Jersey, South Florida and Chicago. Notably, grant winners are located throughout the regions Popular Bank serves and focus on the areas of education and youth, health and supported living, and community development. New York, NY.

NJ 97
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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. New York Metro.

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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

The warning, on the other hand, came from Arthur Linfante, managing director of the Northern New Jersey office of Integra Realty Resources. The existential threat facing regional malls is the instability of anchor department stores. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

NJ 132
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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

“In mere weeks, we were able to create an application that made it simple for business owners to complete the PPP application, knowing many Square sellers handle all elements of their business, including financial operations, themselves.”. both saw averages of $13,700; and New Jersey averaged $13,600.

Capital 141