Search Results for: small business lenders

Small Business Bank Loan Approvals Dropped Dramatically in March Biz2Credit Study
Banking Lending News

Small Business Bank Loan Approvals Dropped Dramatically in March: Biz2Credit Study

GlobeNewswire
by GlobeNewswire0
Biz2Credit Small Business Lending Index finds funding requests at banks declined after Silicon Valley Bank’s collapse; borrowers had more success with non-bank lenders. Small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, according to the latest Biz2Credit Small Business Lending Index™ released today. This marks is the......
PayNearMe and Allied Business Systems Partner to Offer Lenders a Wide Range of Modern Bill Pay Options With a Single Integration
Digital Payments Fintech News

PayNearMe and Allied Business Systems Partner to Offer Lenders a Wide Range of Modern Bill Pay Options With a Single Integration

Fintech News Desk
by Fintech News Desk0
ABS clients can now accept cash, card and ACH payments, as well as the most popular mobile payment types, all through a single platform PayNearMe, a fast-growing fintech company radically improving the customer payment experience, and Allied Business Systems, LLC (ABS), a leading software solution for the consumer finance industry,......
Research: America’s Small Businesses Threatened by Inability to Access Needed Credit
Business Finance News

Research: America’s Small Businesses Threatened by Inability to Access Needed Credit

Business Wire
by Business Wire0
New study from Codat shows that application issues remain the biggest hurdle for SMBs in America amidst growing reliance on big banks As economic uncertainty continues to impact small and medium sized businesses (SMBs), new research from Codat, the universal API for small business data, shows that over a fifth (21%)......
New Survey Finds That Small Business Lending Remains Stable Despite Turbulence in Big Banks
Lending News

New Survey Finds That Small Business Lending Remains Stable Despite Turbulence in Big Banks

PR Newswire
by PR Newswire0
Lendio, the nation’s leading small business financial solutions provider, released the findings of a new polling of the top 21 lenders and funders in its marketplace, in the wake of the FDIC’s recent takeover of two large banks, to better understand the current state of lending and access to funds......
Finastra and Clinc Announce Collaboration to Boost Digital Engagement and Reduce Service Agent Workload
B2B Finance News Technology

Vergent LMS and DecisionLogic Provide Lenders Enhanced Verification Services

Fintech Staff Writer
by Fintech Staff Writer0
With its partner, DecisionLogic, a preeminent provider of consumer and small business bank account and identity verification services for lenders and other financial institutions, Vergent LMS, a leading fintech lending platform, will now offer advanced verification services and streamlined lending processes. Under this partnership, lenders will have the capacity to......
Biz2Credit Small Business Lending Index Reports a Decrease in Loan Approval Rates at Banks and Credit Unions in February 2023
Lending News

Biz2Credit Small Business Lending Index Reports a Decrease in Loan Approval Rates at Banks and Credit Unions in February 2023

GlobeNewswire
by GlobeNewswire0
Business loan approval rates rose at Institutional Investors and Alternative Lenders Small business loan approval percentages at big banks slipped again, falling from 14.4% in January to 14.2% in February 2023, according to the latest Biz2Credit Small Business Lending Index released today. This marks the ninth consecutive month in which big bank approval percentages have declined. Meanwhile,......
LendingTree Adds Funding Circle to Its Marketplace Network of SMB Lenders And Products
Lending News

LendingTree Adds Funding Circle to Its Marketplace Network of SMB Lenders And Products

Business Wire
by Business Wire0
Small Business Term Loans from Funding Circle Now Available to LendingTree Customers Funding Circle, the online platform for small business loans, announced that it has partnered with one of the nation’s largest online lending marketplaces, LendingTree, to offer LendingTree business customers access to fast, affordable financing from Funding Circle. “predicting......
B2B Business Digital News

Biz2Credit Sees Growth In Business Loan Approval Rates At Non-Bank Lenders

Fintech Staff Writer
by Fintech Staff Writer0
Small business loan approval rates at credit unions continue to drop. In January, credit unions approved 20.1% of loan requests, down one-tenth of a percentage from December. Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the......
Lumos Technologies Launches Suite of Products Focused on Small Business Lending and Banking Trends
Lending News

Lumos Technologies Launches Suite of Products Focused on Small Business Lending and Banking Trends

Fintech News Desk
by Fintech News Desk0
Lumos Technologies, an analytics platform that transforms complex data into actionable insights for financial institutions, launches a new set of visualizations focused on small business lending market share and credit risk including a Base Tier available for free Lumos Technologies, a financial technology platform specializing in banking data and analytics,......
Renasant Bank Acquires Republic Business Credit
Finance News

Renasant Bank Acquires Republic Business Credit

Fintech News Desk
by Fintech News Desk0
Renasant Corporation announced that effective December 30, 2022, its wholly-owned subsidiary, Renasant Bank, has acquired Republic Business Credit (formally known as Continental Republic Capital, LLC) (“RBC”) in an all cash transaction. RBC is a market-leading commercial finance company with average earning assets in excess of $100 million. Founded in 2011,......
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