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Small Business Loans
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162LoansTrump Working With Bank Execs On Additional $250B In SMB Loans
President Donald Trump said he is working with congressional leaders to come up with another $250 billion in loan guarantees to help...
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586LoansSenate Majority Leader Calls For More SMB Relief Funds
Amid high demand for federal help, Senate Majority Leader Mitch McConnell (R-KY) announced he would try to approve additional funding for a...
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1.3KLoansSmall Business Rescue Program Encounters Technical Challenges
Amid processing and technology challenges that are holding back payments, the U.S. government’s $350 billion small business rescue program began its fourth...
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1.8KEconomySMBs Scramble As Bigger Firms Eye Piece Of The $349B PPP Pie
In business, size matters. Larger firms, typically, have the capital cushion to weather economic shocks better than smaller peers, as they have broader...
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1.0KCoronavirusBOA Says 10 Pct Of $350B Emergency Loans May Be Already Gone
Three days after lenders began accepting applications for business bailout loans, Bank of America said requests for the cash reached 10 percent...
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5.7KCoronavirusBank Of America Boasts $22B In Bailout Loans
It was a phenomenal Friday (April 3) for Bank of America. The Charlotte-based global lender told CNBC that 85,000 customers have applied...
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6.4KLoansJPMorgan Now Taking Applications For Paycheck Protection Program
JPMorgan, one of the nation’s largest lenders, started accepting applications for loans from the federal government’s Paycheck Protection Program (PPP) on Friday...
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7.2KCoronavirusFIS Connects With Lenders On COVID-19 Relief For Small Businesses
Florida-based FinTech FIS is helping lenders provide Small Business Administration (SBA) loans under the coronavirus stimulus package, the company announced Friday (April 3). The...
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2.9KCoronavirusMnuchin: Community Banks Processed Almost $875M In Relief Loans
In a social media post, U.S. Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck...
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3.6KCoronavirusPelosi Calls For More SMB Funding For COVID-19 Relief
Not content with the $2 trillion in coronavirus relief Congress passed last week, House Speaker Nancy Pelosi (D-Calif.) wants more small business...
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4.7KLoansWhy Main Street’s SMBs Can’t Wait (Much Longer) For The SBA’s PPP Cavalry
The lifeline for the small businesses that make up the backbone of the U.S. economy is now there for the taking. But...
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4.0KCoronavirusBank Of America Can Now Accept Small Business Relief Applications
Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small...
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2.1KCoronavirusBottomline Helps Small Businesses Apply For COVID-19 Relief Funding
New Hampshire FinTech Bottomline Technologies has launched a free initiative to help the nation’s banks provide relief to small businesses hurt by...
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1.6KEconomyCan Stimulus Funds Battle Back The Main Street Cash Crunch?
By the numbers the news is not bright this week — pretty much no matter where one looks as the coronavirus pandemic...
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2.7KCoronavirusDeluge Of SMB Applications Prompts Lenders To Drop Out Of UK Stimulus Program
Already buried in emergency loan applications from small and medium-sized businesses (SMBs), five U.K. lenders have dropped out of the Coronavirus Business...
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3.0KCoronavirusMnuchin Will Lobby For More SMB Money When First $350B Is Gone
Treasury Secretary Steven Mnuchin said if the $350 billion in loan funds for small and medium-sized businesses (SMBs) runs dry, he will...
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2.8KB2B PaymentsOpen Banking Expands Into SMB Lending, Smaller Banks
Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. But the latest...
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6.6KLoansWhy The Goldman-Amazon Bet On SMB Loans Is No Sure Thing
In the platform economy, scale matters. And in leveraging Amazon’s scale as a platform — with millions of small to medium-sized businesses...
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2.3KSMBsGoldman, Amazon Discuss SMB Lending Partnership
Goldman Sachs and Amazon are in discussions about the possibility of partnering for small and medium-sized (SMB) business lending in the U.S.,...
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2.5KB2B PaymentsJudo Bank Adds InfraRisk Tech To Bolster SMB Lending
Australia challenger bank Judo Bank has announced a collaboration with credit management Software-as-a-Service (SaaS) provider InfraRisk to bolster its small business lending...
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2.7KInternationalChina Ramps Up SMB Loans To Boost Economy
Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small...
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2.3KB2B PaymentsGerman Digital Banking Firm Penta Clears Gateway For Iwoca loans
Germany’s Penta, the digital platform for small and medium-sized business (SMB) banking, is partnering with the German FinTech iwoca, to help those...
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3.3KLoansGiving Truckers Better Loans Can Lower Carbon Footprints: Here’s Why
Of late, California’s emissions standards have become a source of some controversy as the state’s ability to set emission standards for cars...
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5.1KBitcoinBitcoin Daily: Bank of China Issues $2.8B Via Blockchain; Brazil Fines Failure To Declare Crypto
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using...
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2.2KB2B PaymentsUK Finance Solution Provider 1pm Opens New Facilities
The U.K.-based independent finance provider 1pm is opening new facilities for the group’s loan division to enable it to better serve small...
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3.8KB2B PaymentsPayPal Expands SMB Loan Offering To Canada
PayPal is expanding its small business lending operations into Canada. In a press release issued on Monday (Oct. 21), the company announced...
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5.4KB2B PaymentsSmall Business Loan Fraud Puts FinServ On High Alert
Though fraud technology has evolved to combat the monster of payments fraud, there is a growth threat for banks that innovators are...
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2.7KB2B PaymentsEurope Business Lender iwoca Awarded £10M Stipend
A £10m grant from Banking Competition Remedies (BCR) was awarded to iwoca, one of Europe’s largest business lenders, as announced by iwoca...
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2.7KBankingUK’s B-North To Launch SMB-Only Banks Next Year
B-North has announced plans to open a network of small-business-only bank offices throughout the U.K. by the end of next year. The...
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3.5KB2B PaymentsMarketplace Lending At The Crux Of Changing SMB Finance Tides
The 2008 financial crisis gave rise to the alternative lending market as a result of a massive gap in available capital, especially...
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7.0KLoansSquare Capital Expands SMB Loan Access To Third Parties
Invoice2go and Square Capital announced late last week they inked a partnership in which Invoice2go customers can access funding from within the...
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6.7KB2B PaymentsOnDeck 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...
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8.4KAlternative FinancesPayPal 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...
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6.8KB2B PaymentsFunding 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...
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5.7KB2B PaymentsLendingClub 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...
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4.4KB2B PaymentsAlt 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...
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4.6KB2B PaymentsCapX 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...
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4.1KB2B PaymentsFundation 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...
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7.3KB2B PaymentsRising 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...
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4.0KB2B PaymentsNew 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...
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7.9KB2B PaymentsHSBC 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...
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5.9KB2B PaymentsPayNet 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...
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4.2KEarningsOnDeck 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...
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3.2KB2B PaymentsOpen 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...
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6.4KB2B PaymentsSMBs 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...
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5.7KB2B PaymentsNav, 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...
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6.6KB2B PaymentsAmex 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....
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5.6KB2B PaymentsUS 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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7.8KLoansStripe 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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4.9KConsumer FinanceA 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...
