Search Results for: PPP lending

Community Banks Waking Up to the Potential of Small Business Lending Opportunities
Banking Lending News

Community Banks Waking Up to the Potential of Small Business Lending Opportunities

Fintech News Desk
New study finds 56% of community bankers cited small business loans as a high priority in 2022 Community banks stand to benefit from both a competitive and profitability standpoint should they decide to shift their lending strategies to focus more on small-and-medium-sized businesses, according to new research commissioned by banking......
Zest AI Releases New Race Prediction Model To Reduce Systemic Bias In Lending
Artificial Intelligence Lending News

Zest AI Releases New Race Prediction Model To Reduce Systemic Bias In Lending

Fintech News Desk
Technology addresses inaccuracies in race prediction affecting tens of millions of Americans Zest AI, a leader in software for AI-driven lending, announced the launch of Zest Race Predictor (ZRP). This open-source machine-learning algorithm estimates the race/ethnicity of an individual using only their full name and home address as inputs. ZRP can......
FNBC Bank & Trust Makes Business Banking Easy With New Digital Lending Capabilities
Banking Business News

FNBC Bank & Trust Makes Business Banking Easy With New Digital Lending Capabilities

Fintech News Desk
Following their success with PPP, the community bank is expanding its use of Numerated to bring additional convenience and efficiency to their full suite of business banking products. FNBC Bank & Trust, a $650 million locally owned and locally managed community bank serving the Chicago metropolitan area, is making business......
John Marshall Bank Launches Fourth Fintech Lending Solution Partnership
Fintech News

John Marshall Bank Launches Fourth Fintech Lending Solution Partnership

Fintech News Desk
Committed to offering best-in-class business banking services, John Marshall Bank (JMB) announced it has entered into a definitive agreement with an innovative new Small Business Administration (SBA) 7(a) loan processing platform, LendUX from Reliant Business Valuation. Latest Fintech Insights: Cadence Bank Increases Interchange Revenue With Data Insights From MX This technology will enable......
First Financial Bankshares Announces Promotion Of Luke Longhofer To EVP Chief Lending Officer
Finance News

First Financial Bankshares Announces Promotion Of Luke Longhofer To EVP Chief Lending Officer

Fintech News Desk
The Board of Directors of First Financial Bankshares, Inc. announced the promotion of Luke Longhofer to Executive Vice President, Chief Lending Officer. Longhofer replaces Gary Gragg, who previously announced his retirement after 31 years, including the last 16 as Chief Lending Officer. Latest Fintech Insights: 468 Capital Raises $400 Million Fund II “Luke......
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
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......
Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion
Banking News

Cambridge Savings Bank Offers Innovative Lending Solutions to Support LAB Medical’s Out-of-Market Expansion

Fintech News Desk
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Commercial Lending team offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina. Headquartered in Billerica, Massachusetts, LAB......
Bank First Launches Teslar Software to Streamline Commercial Lending
Fintech News

Bank First Launches Teslar Software to Streamline Commercial Lending

Fintech News Desk
$2 billion-asset bank leveraged fintech during PPP, expands partnership to boost efficiencies across broader commercial lending strategy Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced that Bank First has implemented its sophisticated portfolio management tools, centralizing processes and increasing......
Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv
Fintech News

Financial Institutions Can Grow Small Business Relationships with Fintech-Powered Lending Offering from Fiserv

Fintech News Desk
Cloud-based lending and credit platform enables financial institutions to enhance the small business experience with a fintech connection Fiserv, Inc., a leading global provider of payments and financial services technology solutions, is enabling financial institutions to build their small and midsize business (SMB) programs through the launch of a cloud-based,......
Four Small Business Lending Predictions for 2021 Year
Banking Fintech Guest Posts

Four Small Business Lending Predictions for 2021

Jorge Sun
As we come to the close of a tumultuous year, the fintech industry is looking ahead to new policies and technologies to help power a recovery in 2021. A key part of recovery is focusing on the survival of small businesses, which are looking to lenders and community banks to......
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