Small Business Loans

OnDeck Launches Same Day ACH Service For SMB Borrowers

Small business lending platform OnDeck is accelerating access to capital for its users through the launch of a same-day funding option. In...

5.6K

Alternative Finances

PayPal Hits £1B UK SMB Lending Milestone

PayPal said on Wednesday (March 6) that it has provided more than £1 billion in financing to small businesses in the United...

Funding Circle Hits $2 Billion SMB Loan Volume

5.6K

Funding Circle Hits $2B In SMB Loan Volume

Alternative lending firm Funding Circle announced it has reached $2 billion in small business loans facilitated through its platform, a figure that...

LendingClub, Brismo Link Lenders To Loan Metrics

4.4K

LendingClub Links Lenders To Loan Metrics Via Brismo

Lending performance data solutions provider Brismo is integrating its technology into the LendingClub platform, enabling lenders to analyze the performance of their...

SBA Grants SMB Loan License To Fountainhead

3.2K

Alt Lender Fountainhead Secures SBA Loan License

Small Business Administration (SBA) loans have found a new avenue through which they can reach small businesses. A press release issued on...

CapX Taps Moody's for SMB Loan Underwriting

3.5K

CapX Taps Moody’s For SMB Loan Underwriting

Equipment finance company CapX Partners has announced an integration of Moody’s Analytics technology to strengthen its underwriting and risk mitigation capabilities. The...

Fundation, Banc of CA Team to Digitize SMB Loans

2.9K

Fundation Digitizes SMB Loans For Banc Of California

Alternative small business lender Fundation has struck a new partnership with another financial institution, the company revealed Wednesday (Jan. 23). In a...

5.4K

Rising Delinquency Rates Dampen Reports Of Stronger Business Performance

There is a lot to be optimistic about for U.S. businesses. A strengthening economy and forecasts of new revenue heights have corporates large...

3.1K

New York Ramps Up Fight Against Predatory SMB Lending

Just days after New York Attorney General (AG) Barbara Underwood announced an investigation into possible misconduct among merchant cash-advance (MCA) firms against...

HSBC, Biz2Credit Link on Canada SMB Lending

6.0K

HSBC Digitizes SMB Lending In Canada With Biz2Credit Partnership

HSBC Bank Canada is collaborating with alternative lending firm Biz2Credit to streamline and digitize small business lending in the country. A press...

PayNet Links BNB Bank to SMB Loan Technology

4.8K

PayNet Links Community Bank BNB To Small Biz Loan Tech

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. A press...

Earnings

OnDeck Loan Originations Surge

OnDeck Capital said in its third-quarter results that loan origination volume jumped double digits year over year and sequentially, where the volume...

Open Banking Connects iwoca to Lloyds Data

2.6K

Open Banking Connects iwoca To Lloyds Account Data

U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. In...

5.6K

SMBs Ramp Up Legal Fight Against New Virgin Money Owner CYBG

CYBG, which recently acquired Virgin Money with plans to ramp up small business lending, is facing a heightened legal challenge from small...

Nav, Clover Pair on Business Credit Score Data

4.6K

Nav, Clover Pair To Bring Small Firms Their Credit Scores

Credit score and business solutions provider Nav is pairing up with First Data subsidiary Clover to expand small businesses’ access to their...

5.1K

Amex Taps Alt-Lender Ezbob In SMB Financing Push

American Express has announced a partnership with U.K.-based alternative lending platform Ezbob as it continues to broaden its small business financing offerings....

4.6K

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...

6.3K

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...

3.6K

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...

4.5K

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...

3.5K

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...

2.4K

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...

4.3K

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...

4.6K

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...

2.8K

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...

3.6K

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...

4.0K

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...

3.2K

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,...

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)....

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...

2.5K

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....

3.7K

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...

5.1K

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...

3.5K

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)...

5.3K

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,...

5.2K

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...

4.5K

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...

6.1K

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...

5.1K

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...

4.8K

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...

4.7K

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

3.9K

Alternative Finances

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...

5.5K

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

3.9K

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...

4.9K

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...

3.9K

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-...

6.8K

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...