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

38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
38% of Small Businesses Turn To Personal Funding Sources in Revenue Crunch
August 21, 2023  |  Commercial Payments

Three-quarters of Main Street businesses say they would close within 60 days of a cash crunch.  Get the Full Story Complete the form to unlock this article...

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Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
Versatile Credit, Nationwide Marketing Group, Wells Fargo Launch Financing Portal
August 15, 2023  |  Consumer Finance

Versatile Credit, Nationwide Marketing Group (NMG) and Wells Fargo have partnered to launch The Finance Hub, a consumer financing portal for merchants. Get the Full Story Complete the form...

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Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
Apps and Alternative Data Key to Bringing Subprime Consumers Into Credit Mainstream
August 14, 2023  |  Consumer Finance

Inflation may be cooling but it still pressures consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Bank Loan Losses Hit Three-Year High at $19 Billion
Bank Loan Losses Hit Three-Year High at $19 Billion
August 09, 2023  |  Banking

American banks reported nearly $19 billion in loan losses during the second quarter. Get the Full Story Complete the form to unlock this article and...

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Momnt and Acorn Finance Launch Home Improvement Loan Partnership
Momnt and Acorn Finance Launch Home Improvement Loan Partnership
August 08, 2023  |  Partnerships

Momnt and Acorn Finance have teamed to offer a lending solution for home improvement merchants. Get the Full Story Complete the form to unlock this article and enjoy...

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‘Shadow Bank’ Lending in India Outpaces Traditional Banks
‘Shadow Bank’ Lending in India Outpaces Traditional Banks
August 08, 2023  |  Loans

It’s reportedly a good time to be a “shadow bank” in India. Get the Full Story Complete the form to unlock this article and enjoy...

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Are Main Street Businesses Starting to Crack?
Are Main Street Businesses Starting to Crack?
August 03, 2023  |  Earnings

Earnings season, as always, offers up data points for Wall Street to parse — net income per share, buybacks and top-line growth. Get the Full...

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To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
To Expand Credit Access to Small Businesses, Banks Must Tap Alternative Data
August 02, 2023  |  SMBs

Chris Hendrickson, senior vice president of small business strategy at Comerica, and Scott Steinberg, chief product officer and chief operating officer of Enigma, said a multidimensional underwriting process...

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Proportion of US Banks Tightening Loan Terms Rises to 50.8%
Proportion of US Banks Tightening Loan Terms Rises to 50.8%
July 31, 2023  |  Loans

Banks are continuing to tighten their terms on commercial and industrial loans. Get the Full Story Complete the form to unlock this article and enjoy...

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