Small Business Loans

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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CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
CFPB’s Small Business Lending Rules Headed for More Scrutiny on Capitol Hill 
May 15, 2023  |  Regulation

Small business lending’s new data-driven approach may be headed for more scrutiny on Capitol Hill. To that end, Rep. Maxine Waters (California), the top Democrat...

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SBA Lifting Moratorium on Licensing New Small Business Lending Companies
SBA Lifting Moratorium on Licensing New Small Business Lending Companies
April 14, 2023  |  Digital Banking

Non-federally chartered banks will soon be able to make Small Business Administration (SBA) loans. Effective May 12, the agency is lifting the moratorium on licensing...

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Iwoca Raises New Finance to Fund UK and German Businesses
Iwoca Raises New Finance to Fund UK and German Businesses
February 02, 2023  |  SMBs

Embedded lending firm iwoca has raised new finance to meet a rising level of demand. The firm has increased its funding line from £125 million...

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UK Small Business Loans Less Common and More Expensive 
UK Small Business Loans Less Common and More Expensive 
December 29, 2022  |  SMBs

Small business loans are becoming harder and more expensive to get in the United Kingdom.  The Financial Times (FT) reported Thursday (Dec. 29) that less...

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CRA Data Shows More Small Business Loans for Fewer Dollars
CRA Data Shows More Small Business Loans for Fewer Dollars
December 15, 2022  |  SMBs

The number of small business loans made in 2021 increased but the dollar amount decreased.  The same was true of small farm loans, according to...

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Cloud Banking Firm nCino, Codat Team on SMB Loan Underwriting
Cloud Banking Firm nCino, Codat Team on SMB Loan Underwriting
September 14, 2022  |  Digital-First Banking

Codat, an API for small business data, will be partnering with cloud banking firm nCino to automate and accelerate the ways banks can underwrite small...

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Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
Fed Relaxes Requirements For Nonprofits To Borrow From Main Street Lending Program
July 17, 2020  |  Loans

It will now be a lot easier for schools, hospitals and social service organizations to access funds using the Main Street Lending Program. The initiative,...

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Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
Mnuchin: PPP 2.0 Should Target Businesses With Greatest Need
July 17, 2020  |  Loans

Another phase of the Paycheck Protection Program (PPP) should be more focused and should provide loans on a “more targeted” basis to help the companies...

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