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US Bank Designs Online SMB Lending Platform

U.S. Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. 25). Following in...

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Stripe Mulls Cash Advance Service For SMBs

Stripe, the digital payments startup, is reportedly testing a new cash advance service for its business customers. According to reports, the new...

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Consumer Finance

A Decade On, Lending Transformed By Crisis And Innovation

Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a...

Community Bank Lending To SMBs On The Upswing

New data shows that community banks lending to small businesses has increased in recent years. The U.S. Government Accountability Office (GAO) analyzed community bank...

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Surveys Show It’s A Good Time To Be A (US) Small Business Owner

Small businesses (SMBs) in the U.S. are increasingly optimistic. Expectations about economic growth, and increases in their own revenues, make for a...

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SBA Enhances CalPrivate Bank’s Small Business Lending

Private Bancorp of America has announced that its subsidiary CalPrivate Bank now has two separate Small Business Lending channels so that it...

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International

China Seeks To Encourage Credit Flows With Loans

To help stimulate credit flows to local governments and companies, The People’s Bank of China has injected 149 billion renminbi – or...

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Blockchain SME Finance Firm Debitum Preps For Launch

Debitum Network is readying to be the newest blockchain-powered small business lending platform on the market. The company is set to launch...

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Earnings

OnDeck Sees Loan Originations Up 26 Pct In 2Q

OnDeck Capital reported second quarter results that showed continued growth in loan originations and improved credit quality metrics. Management stated on a...

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Visa Expands SMB Service In Kenya With Alt-Lender

Visa is expanding its presence with small businesses in Kenya through a new partnership with alternative lender Branch International, a mobile small...

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Global Payments

BNP Paribas Unveils UK SME Debt Fund; Nanjing Rolls Out $1.5M Blockchain Fund

Welcome to The Axis, your late look at payments news from around the world. Coverage includes BNP Paribas Asset Management’s new U.K. debt...

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California Closes In On Extending Borrower Protections To SMBs

California lawmakers are considering legislation that would extend disclosure requirements currently required by consumer lenders to lenders of small business loan products,...

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OnDeck Secures Credit Facilities In Australia And Canada

Alternative small business lending platform OnDeck is expanding financing to businesses in Canada and Australia, the company announced on Wednesday (July 18)....

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For SMB Underwriting, Exploring A More Reliable Kind Of Alternative Data

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways...

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With FinTech Pacts, FIs Take Aim At SMBs, Customer Service

This past week might have been termed small business (SMB) week, if FinTech and financial institution (FI) announcements were any indication. U.S....

Trump’s Small Biz Lending Bill Sees Approval From CBA

After the Senate passed legislation earlier this month that boosts the Small Business Administration’s lending authority, President Donald Trump signed that legislation...

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Competition Heats Up Between Large FIs, Small Banks, Alt Lenders – And SMBs Win

Loan approvals for small business borrowers in the U.S. hit a new peak last month, according to Biz2Credit research. But the story...

Regulation

Bill To Increase SBA SMB Lending Authority Passes In Senate

The U.S. Senate has unanimously passed a bipartisan bill that will increase the Small Business Administration’s authority over the Small Business 7(a)...

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BlueVine CEO: The Real Value Of Invoice Factoring

The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO,...

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South Asia

PayMate CEO On India’s SME Lending Watershed Moment

The SME segment in India has been a consistent bright spot and engine for growth over the last several years. According to...

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Partnerships / Acquisitions

The Biggest Banking, Regulatory Challenges For Today’s Entrepreneur

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of...

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Kabbage Acquires Lending Data Provider Orchard Platform Markets

Small business lending platform Kabbage is making plans to acquire Orchard Platform Markets, a provider of lending data and services. According to...

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UK SMB, Bank Groups Spar Over Low Lending Rates

U.K. small businesses continue to struggle with access to bank funding, according to reports in Financial Times on Friday (March 30). Small...

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SMBs

TSB To Launch Business Marketplace To Enable SMBs To Shop For Loans

TSB, the U.K.’s challenger bank, is gearing up to create Business Marketplace, an internet site that will enable small businesses to compare...

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Funding Circle Chooses Bank Partners For Record-Setting Float

Funding Circle has reportedly chosen the banks to help it go public, according to Bloomberg reports from Sunday (March 11). An unnamed...

Big Banks To Miss UK's Open Banking Deadline

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UK Federation Of Small Businesses Says AltFin Is Just Heating Up

Small businesses face a mountain of financial challenges in the U.K., from late payments from their large corporate clients to a lack...

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Economy Boosts SMB Borrowing Activity

New data from small business credit analysis firm PayNet finds the small and medium-sized business (SMB) lending landscape expanded significantly toward the...

First National Bank Plans Online SMB Lending Portal

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First National Bank Plans Online SMB Lending Portal

First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to...

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Cards, Bank Loans And AltFin Easing SMBs’ Search For Financing

With another Small Business Saturday in the books, small- and medium-sized businesses (SMBs) are still kept on their toes by the yearly...

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Asia’s Alternative SMB Finance Lands Investment Boom

B2B FinTech enjoyed more time in the spotlight with investors this week as companies around the globe — ranging from eProcurement to small-...

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Intuit Makes Use Of QuickBooks Data For SMB Loans

Intuit-operated QuickBooks has dabbled in small- and medium-sized business (SMB) financing in the past, but an announcement made Tuesday (Nov. 7) reveals...

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SBA Head McMahon Offers Update Six Months Into The Job

Six months into her tenure, U.S. Small Business Administration (SBA) head Linda McMahon is speaking up about the state of small and...

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SMBs

JPMorgan Chase And OnDeck Shake Hands On Another 4 Years

Small business owners shouldn’t have to waste their time chasing loans. They have enough to think about without spending hours applying for...

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Payment Methods

nCino Makes It Easier For Small Businesses To Access Funding

nCino, the cloud banking company, announced Tuesday (April 25) it has broadened the scope of its Bank Operating System to provide financial...

2.5K

SMB Loans, Keeping On Truckin’

Bizfi has linked with InterNex Capital to provide short-term, working capital-focused loans for manufacturing and trucking firms. Bizfi Founder Stephen Sheinbaum and InterNex...

SMBs

For Small Businesses, Borrowing’s Up, But So Too Are Delinquencies

In the United States, borrowing by small businesses rose in August, and the percentage of firms calculated as having delinquencies on existing...

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Moving SMB Loans Down Under

A new strategic alliance between Biz2Credit and Australian Financial Group will help the latter’s brokers extend loans to SMBs. Biz2Credit CEO Rohit...

Regulation

Fed Regulators Eye SMB Lending

The online lending landscape may get rockier as federal regulators are eyeing whether to bolster their oversight on loans extended to small...

Canada Ripens for Online Small Business Loans

Small businesses are the lifeblood of many economies, and cash is the lifeblood of small business. But many smaller players simply can’t...

Dealstruck’s LendingTree Partnership Helps SMBs Save

Dealstruck announced yesterday (July 28) a partnership with LendingTree to provide more small businesses with quick, custom and cost-effective loan products to help...

Turns Out That Most SMBs Don’t Compare Lenders

A new survey from LendingTree shows that a majority of small businesses who apply for loans don’t take time to shop around....

Funding Circle Comes Around with $150M

Funding Circle has gotten a capital infusion of its own, raising $150 million. The peer-to-peer online marketplace for business loans announced this...

Lendio’s $20.5M Rise To Help SMBs Get Loans

Small-business lending marketplace Lendio has closed a $20.5 million funding round to grow its team and partnerships, the company announced on Tuesday...

Big Banks And Loan Platforms’ Speed Wins Best SME Loan Customers

Successful small businesses want loans faster, and that means they’re turning to big banks and marketplace lending platforms instead of small banks,...

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News

Small Business Bank-Loan Applications Keep Dropping

Fewer small businesses are applying for commercial loans from banks, according to a monthly survey by American Banker. According to the survey...

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