Tag : Biz2Credit

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August
Lending News

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August

GlobeNewswire
by GlobeNewswire0
Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose at regional and community banks and non-bank lenders. Small business loan approval percentages at big banks ($10 billion+ in assets) fell from 13.3% in July to 13.2% in August, according to the......
Artificial Intelligence Featured Finance Fintech Primers Machine Learning Technology

5 Amazing Examples Of AI And ML In The Financial Sector

Pooja Choudhary
by Pooja Choudhary0
“What used to take months or years has been reduced to days or weeks,” – Frank Fallon, VP, financial services at AWS Introduction The financial services industry has traditionally been a data production powerhouse, from stock trades to credit card purchases. Many banks and other financial institutions today use AI......
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......
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,......
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......
Main Street Alliance Announces Partnership with Biz2Credit to Expand Financing Options for Small Business Owners
Fintech News

Main Street Alliance Announces Partnership with Biz2Credit to Expand Financing Options for Small Business Owners

Fintech News Desk
by Fintech News Desk0
Main Street Alliance (MSA), a non-profit organization that works with small businesses across the country to create an equitable economy, announced that it has partnered with Biz2Credit, a leading online financing resource, to provide working capital and other commercial financing to its business owner members across the U.S. The partnership......
New Study by Biz2Credit Measures Inflation’s Impact on Small Businesses
Analytics Business Finance News

New Study by Biz2Credit Measures Inflation’s Impact on Small Businesses

Fintech News Desk
by Fintech News Desk0
Biz2Credit, a leading online funding provider to small businesses, announced the findings of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022. The Biz2Credit Small Business Inflation Study identified three distinct phases: The pre-pandemic phase up......
Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights 1st March 2023
Fintech News

Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights

Fintech Staff Writer
by Fintech Staff Writer0
FTS Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Fintech insights, Trending fintech news, Crypto, Fintech SaaS, Fintech Cloud, Analytics and AI ML. We will cover the role of FTS Daily Roundup and its application in various industries and......
Business News Technology

Biz2Credit Found Industry Trends Among small Businesses, IT firms With Highest Revenue

Fintech Staff Writer
by Fintech Staff Writer0
Founded in 2007 Biz2Credit made a study about 2021 industry trends for small businesses, which reveals that Information Technology (IT) firms which have the highest average revenue ($955,793), the good credit score (658), and made the top average amount of financing ($131,743) when they were in need of credit.The Retail......
Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
B2B Banking News

Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022

Fintech News Desk
by Fintech News Desk0
Loan approval percentages at banks, institutional lenders, and alternative lenders have risen in every month of 2022 Small business loan approval percentages at big banks ($10m + in assets) inched upwards from 15.3% in May to 15.4% in June, while small banks’ approvals also rose from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business......
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