Search Results for: PPP loan

Developing The Personal Loan Market Using Technology
Banking Commerce Featured Fintech Primers Technology

Developing The Personal Loan Market Using Technology

Pooja Choudhary
by Pooja Choudhary0
We all know about two-minute noodles, but what if I say, in two minutes get an instant personal loan? As a layman, we understand personal loan is money borrowed by anyone on interest for a reason. In addition, personal loans are generally offered by banks, credit unions, and online loan......
Payveris Introduces Loan Payments for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels
Digital Payments News

Payveris Introduces Loan Payments for Financial Institutions to Offer Customers Integrated Real-Time Payment Methods & Channels

Fintech News Desk
by Fintech News Desk0
Loan Payments is built by Paymentus, recognized by Aite-Novarica as the “Best in Class” industry leader for Biller Direct EPPP solutions New Payveris service is powered by the Instant Payment Network®, the only integrated ecosystem of real-time digital bill presentment, payment and money movement capabilities in the market Payveris, a......
OneUnited Bank Joins With Lendistry to Offer Small Business Loans Nationwide
Banking News

OneUnited Bank Joins With Lendistry to Offer Small Business Loans Nationwide

Fintech News Desk
by Fintech News Desk0
Largest Black-Owned Bank Joins with Black-Led Small Business Lender OneUnited Bank, the nation’s largest Black-owned bank, joins with Lendistry, a Black-led fintech, to provide small business loans to OneUnited Bank customers. The Bank’s continuing mission is to close the racial wealth gap by providing a resource for term loans and non-revolving lines......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Lending News

Biz2Credit Small Business Lending Index for December Finds Loan Approval Rates Continue to Rise, But at Slow Pace

Fintech News Desk
by Fintech News Desk0
Approval Percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders and Credit Union Still Are Roughly Half of What They Were in December 2019 Small business loan approval percentages at big banks ($10 + in assets) increased from 14.2% in November to 14.3% in December, and small banks’ approvals also rose from 19.9% in November to 20.1% in December, according to the latest Biz2Credit Small Business Lending Index™ released today. Among several categories of non-bank......
Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds
Banking Digital Payments Fintech News

Strong Bank Response to Paycheck Protection Program (PPP) Drives Record-High Satisfaction Among Small Business Customers, J.D. Power Finds

Fintech News Desk
by Fintech News Desk0
Proactive Response Creates Opportunity for Increased Retention and Cross-Selling After getting off to a wobbly start in the earliest days of the pandemic, the nation’s banks nailed their response to the U.S. Small Business Association’s Paycheck Protection Program (PPP), managing to administer $669 billion in relief loans to small businesses......
Customers Bank Expands Consumer Installment Loan Program With Upstart
Artificial Intelligence Blockchain Fintech News

Customers Bank Expands Consumer Installment Loan Program With Upstart

Fintech News Desk
by Fintech News Desk0
Upstart, a leading artificial intelligence (AI) lending platform, announced Customers Bank, a full-service super-community bank and subsidiary of Customers Bancorp, Inc., has expanded and extended its bank partnership with Upstart to scale its personal loan program through the Upstart Referral Network and its own consumer banking site. Through Upstart’s AI......
Womply Launches Partnership with SEDCO to Help Under-Served Businesses Access the Paycheck Protection Program using PPP Fast Lane
Finance Fintech News

Womply Launches Partnership with SEDCO to Help Under-Served Businesses Access the Paycheck Protection Program using PPP Fast Lane

Fintech News Desk
by Fintech News Desk0
Womply, the local commerce platform that provides apps, APIs, marketing, and financial tools to make local commerce happen, today announced a new partnership with Sunshine State Economic Development Corporation (SEDCO). The partnership combines their expertise as an SBA-approved lender with Womply’s breakthrough PPP Fast Lane process to allow even the......
LendingClub Bank Supports Extended Paycheck Protection Program (PPP)
Digital Digital Payments Fintech News

LendingClub Bank Supports Extended Paycheck Protection Program (PPP)

Fintech News Desk
by Fintech News Desk0
Program Recognized for Client Innovation During the Pandemic by Celent On March 30, 2021 President Joseph Biden signed the “PPP Extension Act of 2021” extending the Paycheck Protection Program (“PPP”) from March 31st to May 31st, to aid small businesses amidst a difficult financial year as a result of the global COVID-19 pandemic. With the program extending,......
Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020
Finance Fintech News

Biz2Credit Study Finds Credit Scores and Average Earnings of Women-Owned Businesses Rose, Yet Loan Approvals Lagged in 2020

Fintech News Desk
by Fintech News Desk0
Analysis of 40,000 Firms Finds Revenues and Costs Down; Texas and California Are The Top States for Loan Requests from Women-Owned Firms The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew, primarily because expenses decreased during the pandemic. Women-owned business earnings averaged......
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