Search Results for: paycheck protection program

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......
Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients
B2B Digital Payments Fintech News

Customers Bank Partners with Tassat to Implement a Blockchain-Based B2B Payments Network to Meet Needs of Business Clients

Fintech News Desk
by Fintech News Desk0
Customers Bank to Join the TassatPay® Network to Drive Client and Deposit Growth While Providing Frictionless, Instantaneous Payments and Improved User Experiences Customers Bank, a subsidiary of Customers Bancorp, Inc. a bank holding company, and Tassat, a global provider of blockchain technologies for digital payments, announced that Customers Bank will......
Customers Bank Continues National Expansion
Banking Fintech News

Customers Bank Continues National Expansion

Fintech News Desk
by Fintech News Desk0
Nationally Ranked PPP Lender Introduces Commercial Banking Services in New Markets Customers Bank is building upon its national recognition for providing innovative banking products and services to commercial and consumer clients to advance its national expansion. The next phase of the national expansion will include new offices in Florida and......
FinTech Automation Named to WealthTech 100 List
Banking Business News

Oxford Bank Provided over $342 Million in PPP Loans for 1,354 Local Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
Nearly 20,000 Local Jobs Saved Oxford Bank announced today that it has processed 1,951 loans totaling $342,203,867 under the Small Business Administration’s Paycheck Protection Program (PPP) to help local small businesses support payroll and related costs, saving approximately 20,000 jobs within Southeastern Michigan. The average loan size was approximately $175,400. The PPP, which was......
Biz2Credit Named to First-Ever Financial Times List of The Americas’ Fastest Growing Companies
Digital Fintech News

Biz2Credit Named to First-Ever Financial Times List of The Americas’ Fastest Growing Companies

Fintech News Desk
by Fintech News Desk0
 Biz2Credit, a leading financial technology firm that develops industry-leading digital platform solutions for banks and other financial institutions, has been named to The Financial Times (FT)’s inaugural list of “The Americas’ Fastest Growing Companies 2021.” This prestigious award is presented by The FT and Statista Inc., the world-leading statistics portal and industry-ranking provider. The......
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......
Nevada State Bank’s Annual Survey Reveals Expectation of Faster Than Average Economic Recovery
Economy News

Nevada State Bank’s Annual Survey Reveals Expectation of Faster Than Average Economic Recovery

Fintech News Desk
by Fintech News Desk0
Nevada State Bank has released the results of its eighth annual survey of small business owners and managers throughout Nevada. The survey reflects the hardship caused by COVID-19 and related responses, but also the hopeful perspective on economic recovery during the next 18 months. “Even with the economy on top of the list......
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......
NexBank Ranked as Top-Performing U.S. Bank by S&P Global
Banking Finance Fintech News

NexBank Ranked as Top-Performing US Bank by S&P Global

Fintech News Desk
by Fintech News Desk0
NexBank Capital, Inc., a Dallas-based financial services company, announced that for the third consecutive year it has been recognized as a top-performing U.S. bank by S&P Global Market Intelligence. NexBank Capital, Inc. ranked 17th in the nation among banks with $3 billion to $10 billion in assets. It had the fourth-highest return on average tangible common......
1