The push to pursue four-year college degrees for white-collar jobs, which kicked into high gear in the 1980s, has left America 40 years later with a steep shortage of skilled workers who can weld, drive a semi, fix HVAC systems, and perform jobs that have...
Gibraltar Business Capital (GBC) has launched an equipment financing business. The new Gibraltar Equipment Finance (GEF) will provide equipment loans and leases of up to $20 million for industries like manufacturing, distribution, transportation/logistics, healthcare, food and beverage, construction, telecom and technology-related sectors, Gibraltar Business Capital...
Business-focused hotels that survived the pandemic shutdowns are now facing other challenges. Difficulty accessing credit is among the problems they are coping with today, The Wall Street Journal (WSJ) reported Monday (March 6). Lenders are asking hotel owners to put up more capital because they...
America’s auto debt hole is reportedly getting deeper for car buyers. A report Wednesday (March 1) by Bloomberg News finds that the auto industry is growing alarmed by growing number of consumers who are “upside down” on their vehicle trade-ins, leading them to buy at...
The promise of artificial intelligence is that, along with machine learning, it can solve real-world problems and change business for the better. Hicham Oudghiri, CEO of Enigma Technologies, said small business lending can be transformed with the aid of those advanced technologies — but only...
Visa, Froda and Lunar have partnered to launch a digital solution for business loans. With this collaboration, Nordic digital bank Lunar will be able to offer its small and medium-sized business (SMB) clients access to business loans via Froda’s embedded lending platform as well as...
Open Lending is expanding its car financing program to meet a demand for older vehicles. The Austin-based lending platform, which facilitates car loans, announced Thursday (Feb. 9) that it had increased its allowable age for vehicles from 9 years to 11 years old in an...
U.K. student loans and grants for living costs are set to increase by 2.8%. Yet, by the Department for Education’s (DfE’s) own admission, a 13.7% increase would be needed to keep pace with the increased cost of living. As the DfE summarized in an Equality...
Digital loan platform OppFi has introduced a same-day funding service aimed at underserved borrowers. The service lets qualified customers who apply and get approval by 1 p.m. on business days receive funding the same day, according to a Tuesday (Feb. 7) press release. “The same-day...