Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance

Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
August 25, 2020  |  B2B Payments

As it aims to expand its small business platform, accounting software provider Xero plans to acquire cloud-based lending company Waddle through an arrangement valued as...

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Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely
Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely
August 20, 2020  |  Payments Powering the Platform Economy

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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The Time Store On The Challenges Involved In Digital SMB Financing
The Time Store On The Challenges Involved In Digital SMB Financing
August 19, 2020  |  Payments Powering the Platform Economy

Digital-first businesses that need capital as a cushion for lumpy cash flow find tapping their banks for funds can be tedious and slow, says Abe...

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New Report: Slow Loan-Approval Processes Drive SMBs To FinTechs
New Report: Slow Loan-Approval Processes Drive SMBs To FinTechs
August 18, 2020  |  Payments Powering the Platform Economy

The global eCommerce market is a juggernaut, containing up to 24 million sellers and 2 billion digital buyers, with sales expected to reach $4.13 trillion...

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Online Loans Confound Experts With Lower-Than-Expected Impairments
Online Loans Confound Experts With Lower-Than-Expected Impairments
August 17, 2020  |  Loans

Personal, unsecured loans issued through online lenders like Best Egg, LendingClub and Upstart have long been seen as particularly vulnerable in a downturn. Get the...

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California Proposes Financial Watchdog Agency
California Proposes Financial Watchdog Agency
August 17, 2020  |  CFPB

California is expected to create a financial protection watchdog agency by month’s end. Get the Full Story Complete the form to unlock this article and...

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Square’s Cash App Tests Small-Dollar, Short-Term Loans
Square’s Cash App Tests Small-Dollar, Short-Term Loans
August 12, 2020  |  Loans

Cash App, Square Inc.’s mobile payment app, has launched a pilot program to offer short-term loans of up to $200, TechCrunch reported. Get the Full...

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Disbursements Satisfaction Report 2020: Monetizing Payout Choice
Disbursements Satisfaction Report 2020: Monetizing Payout Choice
August 10, 2020  |  Disbursements

Introduction Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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