Search Results for: small business

Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat
Banking Business Fintech News

Blue Prism Automates SBA PPP Loan Processing at Banks Saving More Than 85,000 Jobs and Helping Small Businesses Stay Afloat

Fintech News Desk
by Fintech News Desk0
Proven Solution Supports Rounds of Federal Funding, Enabling Same-Day Processing of Thousands of Applications from Submissions, Bank Review, Underwriting, SBA Reporting, Approvals and Payment Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349......
Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index
Banking Business Economy Fintech News

Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index

Fintech News Desk
by Fintech News Desk0
Improvement in Approvals for Companies Applying for Non-CARES Act Loans The approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May, according to the Biz2Credit Small Business Lending Index™ released . Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership......
Cerity and Payroll4Free Partner to Provide Immediate Relief to Small Businesses
Business Fintech News

Cerity and Payroll4Free Partner to Provide Immediate Relief to Small Businesses

Fintech News Desk
by Fintech News Desk0
Cerity, a direct to small business workers’ compensation carrier, announced its partnership with Payroll4Free to provide immediate cost cutting measures to small businesses. Payroll4Free and Cerity are dedicated to the small business community, providing a new model of flexible cost saving platforms with the ability to provide free online payroll......
Wallis Bank Provided $347.5 Million in PPP Loans for Over 3,500 Small Businesses Impacted by COVID-19
Banking Business Fintech News

Wallis Bank Provided $347.5 Million in PPP Loans for Over 3,500 Small Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
Wallis Bank announced that it has processed over 3,500 loans totaling more than $347.5 million under the Small Business Administration’s Paycheck Protection Program (PPP), helping small businesses support payroll and related costs. The average loan size was approximately $99,000 as of May 26. The PPP provides forgivable, government-guaranteed loans for the nation’s small businesses, which account......
DR Bank Helps Small Businesses Obtain Critical SBA Financing
Banking Business Fintech News

DR Bank Helps Small Businesses Obtain Critical SBA Financing

Fintech News Desk
by Fintech News Desk0
DR Bank has been an active participant in the SBA’s Payroll Protection Program, assisting over 250 businesses in securing financing that will help them support payroll and other critical infrastructure expenses until they are able to resume normal operations.  This interim financing will preserve over 4,300 jobs. Read More: Abrigo......
LendingTree Introduces Password Management Service Through 1Password
Business Fintech News

LendingTree Survey of Small Business Owners Finds 46% are Concerned They Won’t Have Enough Money to Reopen

Fintech News Desk
by Fintech News Desk0
Although more businesses have seen financial support through PPP than last month, owners still worry about reduced profits amid increased safety measures Even as states and cities slowly allow more businesses to reopen, many entrepreneurs are anxious about doing so. Nearly half of small business owners worry they cannot afford......
Forgivable Loans for Baltimore-Area Small Businesses, Independent Contractors and Non-Profits Available from Lendistry
Banking Business Fintech News

Forgivable Loans for Baltimore-Area Small Businesses, Independent Contractors and Non-Profits Available from Lendistry

Fintech News Desk
by Fintech News Desk0
Lendistry, the leading fintech Community Development Financial Institution (CDFI), said funds remain available for forgivable loans to eligible small businesses, independent contractors and non-profit organizations in the City of Baltimore. Mayor Bernard C. “Jack” Young announced in April a $10 million commitment, with funding provided by Goldman Sachs under its 10,000 Small Businesses initiative,......
Coast Offers Small Businesses Resources to Navigate PPP Loan Forgiveness
Business Fintech News

Coast Offers Small Businesses Resources to Navigate PPP Loan Forgiveness

Fintech News Desk
by Fintech News Desk0
Workspace Messaging App Provides PPP Loan Calculator to Address SMB’s Concerns Small and medium-sized businesses have been hit hard with required closures and stay-at-home restrictions in place across the country. While the government has responded by passing the CARES Act and implementing the Paycheck Protection Program (PPP), Coast, an all-in-one workplace......
Gem State Distributors Launches Online Payment Portal, Mobile Payment App, and AutoPay Solutions from FTNI
Business Fintech Mobile Banking News

Oxygen Launches Digital Banking Platform for Freelancers and Small Businesses, Joins Visa’s Fast Track Program

Fintech News Desk
by Fintech News Desk0
The Oxygen app makes banking simple, whether for business or personal use; Oxygen announced the launch of a new digital banking solution specifically designed to meet the unique needs of freelancers and digital natives. Oxygen has built a platform from the ground up to provide flexible banking solutions to the......
Barwick Banking Company is the Latest Bank to Select Finastra's Fusion Phoenix Core
Banking Business Fintech News

Finastra Helps Banks and Credit Unions Provide Critical Financial Support to Small Businesses With More Than 86,000 PPP Loans to Date

Fintech News Desk
by Fintech News Desk0
Finastra, one of the world’s largest financial technology solutions providers, announced that it has helped process more than 86,000 Paycheck Protection Program (PPP) loans to date, supporting community-focused banks and credit unions as they provide critical financial assistance for small businesses impacted by the COVID-19 pandemic. Finastra’s CARES Act solution –......
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