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

India’s Tata Capital Introduces App For Commercial Loan Clients

India’s Tata Capital Introduces App For Commercial Loan Clients
India’s Tata Capital Introduces App For Commercial Loan Clients
May 11, 2020  |  B2B Payments

Mumbai-based Tata Capital, a division of Tata Group, is rolling out a mobile app to make it easier for its business loan customers to manage...

READ MORE >
PPP Program Still Has $125B Left
PPP Program Still Has $125B Left
May 08, 2020  |  Loans

President Donald Trump and Congress wasted no time refilling the Paycheck Protection Program’s (PPP) coffers after the popular loan initiative ran out of cash in...

READ MORE >
SBA Still Clearing Up PPP Loan Confusion
SBA Still Clearing Up PPP Loan Confusion
May 06, 2020  |  Loans

It’s a fact that it’s a lot of money, but disbursing hundreds of billions of dollars for the Payroll Protection Program (PPP) has been overly...

READ MORE >
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
May 06, 2020  |  Economy

The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the largest of mid-sized...

READ MORE >
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
Digital Lending Marketplace Offers $3M In Financing To Amazon Sellers
May 05, 2020  |  Retail

Digital lending marketplace BitX Funding, which matches business owners and non-bank lenders, is aiming to help Amazon third-party (3P) sellers grow. The company has brought...

READ MORE >
Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
Fed: Demand For Commercial, Consumer Loans Fell As Banks Tightened Standards
May 05, 2020  |  Loans

As the coronavirus took hold of the economy, banks in the U.S. tightened standards on loans for both companies and individuals, according to the April...

READ MORE >
PPP Recipients To Lose Valuable Tax Breaks
PPP Recipients To Lose Valuable Tax Breaks
May 01, 2020  |  Loans

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal...

READ MORE >
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
May 01, 2020  |  Loans

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused...

READ MORE >
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
Today In Payments: WhatsApp Mulls Loans In India; Advance Estimates Show GDP Declining 4.8 Pct
April 29, 2020  |  News

In today’s top news, WhatsApp is considering offering credit and lending to users in India, and the Bureau of Economic Analysis estimated that GDP dropped...

READ MORE >