Small business lending

White House Raises Cap on Small Business Loans
White House Raises Cap on Small Business Loans
December 01, 2024  |  SMBs

The White House says it is making it easier for underserved small businesses to get capital. The Biden administration announced in a news release Friday...

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Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
August 01, 2024  |  SMBs

Small businesses represent 99.9% of American firms, yet effectively financing them remains an ongoing challenge. Small businesses are inherently risky — and many end up...

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Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
June 04, 2024  |  SMBs

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets...

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Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
April 23, 2024  |  Earnings

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance...

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Decipher Credit Launches SMB Lending Partnership With Validis
Decipher Credit Launches SMB Lending Partnership With Validis
April 22, 2024  |  SMBs

Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable...

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GenAI Bridges Small Business Lending Gap
GenAI Bridges Small Business Lending Gap
April 18, 2024  |  artificial intelligence

An unavoidable truth in business is that it frequently takes money to make money.  And in today’s world, where small and medium-sized businesses (SMBs) often...

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The Smaller the Business, the Less Interested They Seem in Using Credit — Why?
The Smaller the Business, the Less Interested They Seem in Using Credit — Why?
January 31, 2024  |  SMBs

Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs...

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Business Lender iwoca Raises $243 Million to Fund Small Businesses
Business Lender iwoca Raises $243 Million to Fund Small Businesses
October 16, 2023  |  SMBs

European small business lender iwoca says it has raised $243 million in new funding.  The financing, announced late Monday (Oct. 16), follows the $152 million the London-based...

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SBA to Debut Changes to Boost Small Business Access to Credit
SBA to Debut Changes to Boost Small Business Access to Credit
July 31, 2023  |  SMBs

Sweeping changes to the federal program for small business lending will begin taking effect Tuesday (Aug. 1). Among the upcoming changes are simplified loan requirements,...

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