Search Results for: business borrowers

Intelligent Debt Management Platform Spinwheel Announces the Hiring of Bento for Business Cofounder Sean Anderson as Head of Platform and COO
Fintech News

Intelligent Debt Management Platform Spinwheel Announces the Hiring of Bento for Business Cofounder Sean Anderson as Head of Platform and COO

Fintech News Desk
by Fintech News Desk0
Spinwheel, the leading intelligent debt API platform for fintechs, announces the hiring of Sean Anderson as Head of Platform and COO. Following the company’s $11MM seed funding, Sean joins the team to grow and scale the business and drive the product roadmap as the company extends beyond its student debt solution to offer......
Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July
Banking News

Biz2Credit Small Business Lending Index  Finds Loan Approval Rates Rose at Banks and at Institutional and Alternative Lenders in July

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.6% in June 2021 to 13.8% in July, the same percentage as a year ago. Meanwhile, small banks’ approvals also rose from 18.9% in June to 19.1% in July, according to the latest Biz2Credit Small Business Lending Index released today. The approval percentage at small banks is......
The Future of Small Business Lending Is Here-- And It’s Digital!
Business Fintech Guest Posts

The Future of Small Business Lending Is Here- And It’s Digital!

Jorge Sun
by Jorge Sun0
Unfortunately, COVID-19 isn’t going away anytime soon, making returning to pre-quarantine business models highly unlikely. As businesses adapt to the “new normal” and the demand for capital continues to rise, lenders have a unique opportunity to adopt a new model now—and get ahead of the game. Here’s where the digital......
Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders
Banking Business Finance News

Now That PPP Lending Has Ended, Biz2Credit Small Business Lending Index™ Finds May 2021 Loan Approval Rates Increase for Banks and Non-Bank Lenders

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10 billion+ in assets) climbed slightly from 13.4% in April to 13.5% in May 2021, according to the latest Biz2Credit Small Business Lending Index™ released today. However, small banks’ approvals jumped higher from 18.2% in April, to 18.7% in May. “Loan approvals by small banks rose 0.3% as banks start to assess the......
As Student Loan Debate Continues to Draw Uncertainty, SoFi Launches New Program to Help Borrowers
Digital Finance Fintech News

As Student Loan Debate Continues to Draw Uncertainty, SoFi Launches New Program to Help Borrowers

Fintech News Desk
by Fintech News Desk0
As uncertainty grows around how the federal government plans to address student loan debt concerns, SoFi, the digital personal finance company, announced the launch of a new loan program to help ease borrower distress. Since March 2020, the federal government has paused interest and monthly payments for federal student loan borrowers in......
PayNearby
Banking Digital Payments Fintech News

PayNearby Ties Up with Centrum Microcredit to Facilitate Unsecured Business Loans to Retailers

Fintech News Desk
by Fintech News Desk0
 End-to-end digital processes leading to disbursements within 48 hours  First-of-its-kind proprietary score card developed to rate potential borrowers basis rich transactional data on PayNearby eco-system  Loans ranging from ₹25k to ₹1 lakh; and tenures ranging from 6-24 months  To facilitate access to working capital credit for small businesses   New-to-credit......
Gibraltar Business Capital Announces $150MM Line of Credit with Bank of America
Banking Finance News

Gibraltar Business Capital Announces $150MM Line of Credit with Bank of America

Fintech News Desk
by Fintech News Desk0
Gibraltar Business Capital, an industry leader in asset-based lending for lower middle-market businesses, announced an expanded financing partnership with Bank of America through a new $150MM line of credit. The line of credit provides Gibraltar the necessary capacity to serve its growing portfolio of lower mid-market businesses seeking flexible, reliable financing while......
South Florida Fintech Janover Inc. Launches Crowdfunding Campaign To Simplify Investment Real Estate and Business Financing
Fintech News

South Florida Fintech Janover Inc. Launches Crowdfunding Campaign To Simplify Investment Real Estate and Business Financing

Fintech News Desk
by Fintech News Desk0
Janover Inc. (DBA Janover Ventures), a FinTech (financial technology) company that’s simplifying access to commercial real estate and small business financing, launched their crowdfunding campaign on StartEngine this month. During the onset of the pandemic, Janover’s first round of equity crowdfunding on Republic.co experienced significant traction. They raised 2,856% of their minimum......
ForwardAI Debuts ‘ForwardAI Precise’ - A New Lender-first API That Delivers Real-time, Robust Accounting And Financial Data Suite For Reduced-risk Small Business Lending
Digital Fintech News

ForwardAI Debuts ‘ForwardAI Precise’ – A New Lender-first API That Delivers Real-time, Robust Accounting And Financial Data Suite For Reduced-risk Small Business Lending

Fintech News Desk
by Fintech News Desk0
Lenders Can Now Quickly and Accurately Predict the Future Financial Health of Small Businesses And Expedite Lending/Underwriting The lending processes financial institutions use to qualify SMB borrowers is sorely outdated, while increasing cases and costs of fraud hit smaller banks, credit unions and digital lenders hardest. ForwardAI, a lender-first fintech platform, today introduced ForwardAI......
Womply Partners with Harvest Small Business Finance
Commerce Fintech News

Womply Partners with Harvest Small Business Finance to Help Underserved Businesses and Workers Access Forgivable Loans 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, announced a new partnership with Harvest Small Business Finance to help more of America’s struggling small businesses, gig workers, independent contractors, and self-employed people access vital Paycheck Protection Program (PPP) funding with......
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