Small Business Loans

34% of SMB Execs Say Loan Costs Are a Concern  
34% of SMB Execs Say Loan Costs Are a Concern  
April 08, 2024  |  SMBs

From time to time, most small and medium-sized businesses (SMBs) find themselves having to borrow money to meet short-term needs or unexpected expenses. But as...

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Intuit QuickBooks Adds Line of Credit to Its Platform
Intuit QuickBooks Adds Line of Credit to Its Platform
March 28, 2024  |  Loans

Intuit QuickBooks has added a line of credit offering to the small business lending options available through its platform. The new QuickBooks Line of Credit...

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Small Business, Banks Embrace Credit Alternatives
Small Business, Banks Embrace Credit Alternatives
March 21, 2024  |  Loans

Banks — the stalwarts of traditional lending — are finding new channels and conduits to getting capital to borrowers, across alternative channels, and with FinTech...

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Boulevard Launches Flexible Funding Offering for Salons and Spas
Boulevard Launches Flexible Funding Offering for Salons and Spas
March 20, 2024  |  Loans

Boulevard has added a new capital program to its client experience platform for self-care businesses like salons, barber shops, spas and med spas. The new...

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SBA Launches Enhanced Lender Match Tool for Small Businesses
SBA Launches Enhanced Lender Match Tool for Small Businesses
March 04, 2024  |  Loans

The U.S. Small Business Administration (SBA) has launched an enhanced version of its Lender Match tool that connects small business owners with SBA-approved lenders. The...

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Galileo, Mastercard Team on Smart BNPL for Small Businesses
Galileo, Mastercard Team on Smart BNPL for Small Businesses
October 05, 2023  |  Buy Now Pay Later

David Feuer, chief product officer of Galileo Financial Technologies, told PYMNTS that the current financial services landscape is a challenging one for smaller firms —...

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Small Business Bankruptcies Jump as Capital Grows Scarce
Small Business Bankruptcies Jump as Capital Grows Scarce
October 02, 2023  |  SMBs

Rising interest rates have reportedly helped fuel a spike in small business bankruptcies. As The Wall Street Journal  (WSJ) reported Sunday (Oct. 1), the jump...

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LHV Bank Collaborates With Tuum on Small Business Lending
LHV Bank Collaborates With Tuum on Small Business Lending
September 07, 2023  |  Banking

LHV Bank has implemented an upgraded loan system for its small and medium-sized business (SMB) lending division. The U.K. licensed bank has partnered with cloud-native platform Tuum to...

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Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
Will Big Bank Capital Requirements Help Smaller FIs, FinTechs Gain Small Business Lending Share?
July 26, 2023  |  Loans

As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs...

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