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

Everyday Credit FinTech OppFi Will Go Public Via SPAC

Everyday Credit FinTech OppFi Will Go Public Via SPAC
Everyday Credit FinTech OppFi Will Go Public Via SPAC
February 11, 2021  |  IPO

FinTech platform Opportunity Financial (OppFi) has entered into an agreement with special purpose acquisition company (SPAC) FG New American Acquisition Corp. (FGNA) to become a...

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The Future Of Grocery, eCommerce And Short-Term Lending
The Future Of Grocery, eCommerce And Short-Term Lending
February 11, 2021  |  Today In Data

Discount grocery retailer ALDI plans to expand its store count this year, with expansion focused on California, Arizona, Florida and the Northeast. In eCommerce, Seattle-based headless commerce startup Fabric, which enables...

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Short-Term Lending Shows Promise As Lifeline For Paycheck-To-Paycheck Consumer
Short-Term Lending Shows Promise As Lifeline For Paycheck-To-Paycheck Consumer
February 10, 2021  |  Loans

As the pandemic lingers and as individuals and families endure cash crunches and job losses, the exposure to unplanned expenses can reach critical levels. As...

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Main Street Lending Program Ends With Just $17.5 Billion Disbursed
Main Street Lending Program Ends With Just $17.5 Billion Disbursed
February 09, 2021  |  Loans

The Federal Reserve’s Main Street Lending Program, intended to give support to small- to medium-sized businesses (SMBs) during the pandemic, has only disbursed $17.5 billion,...

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Fed Data Shows Biggest US Banks Stagnate On Loans
Fed Data Shows Biggest US Banks Stagnate On Loans
February 09, 2021  |  Loans

The biggest U.S. banks have dialed back the portion of their balances they’re willing to use on loans to new lows, Bloomberg reported, citing data...

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Enova Loan Originations More Than Triple From Q3 To $536 Million
Enova Loan Originations More Than Triple From Q3 To $536 Million
February 04, 2021  |  Earnings

Digital lending platform Enova International reported Thursday (Feb. 4) that total revenue dropped 24 percent from the fourth quarter of 2019 to Q4 2020. However,...

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PPP Round Two: New Loans Top $72.7 Billion In January
PPP Round Two: New Loans Top $72.7 Billion In January
February 02, 2021  |  Loans

A new report from the Small Business Administration (SBA) found that there were $72.7 billion in Paycheck Protection Program (PPP) loans distributed in the month...

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Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
Inspector General Wants Answers From Mnuchin, Cruz On Pandemic Lending Program
February 01, 2021  |  Loans

Former Treasury Secretary Steven Mnuchin and Texas Sen. Ted Cruz are the subjects of a pair of watchdog investigations, Bloomberg reported. Get the Full Story...

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