With no credit scores, limited financial transaction histories, and a huge amount of people who don’t even have a bank account, lending money in Vietnam is no simple task. While most financiers would run from an environment like that, CEO Toms Niparts of Jeff, an...
One of the largest components of the now-signed second stimulus bill is $284 billion to support small business through a rebooted and revised Paycheck Protection Program (PPP) lending program that will tighten qualification requirements but loosen taxation and eligible expense rules. Get the Full Story...
Small firms recently surveyed by Goldman Sachs indicated that small and mid-sized businesses (SMBs) are desperately in need of another round of emergency Paycheck Protection Program (PPP) funding, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Are federal regulations putting a damper on bank lending amid the pandemic-driven downturn, or are bankers simply being too cautious? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Payments giant Stripe is taking Stripe Capital, its push into online business finance and lending, to the next level. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The loan payment relief required by the federal CARES Act in response to household income disruption caused by the pandemic has produced mixed results, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Peer-to-peer car-sharing platform Getaround Inc. has secured a $25 million venture loan facility from Horizon Technology Finance Corp., a specialty finance company that provides secured loans to venture capital-backed companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The number of troubled loans sitting on the books of the top U.S. banks remains high despite significant improvement over the past few months, a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The chair of a new European banking authority is warning lenders to prepare for an onslaught of bad loans due to the second wave of COVID-19 lockdowns, the Financial Times reported on Wednesday (Nov. 11). Get the Full Story Complete the form to unlock this article...
