Tag : Biz2Credit

Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders
Business Finance News

Biz2Credit Small Business Lending Index  for August Finds Loan Approval Rates Rise at Banks and at Non-Bank Lenders

Fintech News Desk
Small business loan approval percentages at big banks ($10 billion+ in assets) jumped from 13.8% in July 2021 to 13.9% in August, up by three-tenths of a percentage from one year ago. Meanwhile, small banks’ approvals also rose from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Small Business  “Small businesses are again borrowing to improve......
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
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......
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
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......
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
 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......
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
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......
AadhaarPay and Cash Are the Most Preferred Modes of Payment for Women Customers
Digital Fintech Fintech Primers News

Biz2Credit Supports Biden-Harris Administration’s PPP Changes to Promote More Equitable Access to Capital

Fintech News Desk
Largest Provider of SBA-Approved PPP Loans (Over 98% to Businesses with Under 20 Employees) Says Rules Changes Will Improve Access in Underserved Communities Biz2Credit, a leading FinTech company and parent of an SBA-approved processor of Paycheck Protection Program (PPP) loans, is applauding the reforms to the PPP that the Biden-Harris administration......
Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
Banking Fintech FinTech Funding Investment Services News Trading

Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January

Fintech News Desk
Small business loan approval percentages at big banks ($10 billion+ in assets) increased slightly to 13.2% in January 2021 from December 2020’s figure of 13.1%, according to the latest Biz2Credit Small Business Lending Index™ released today. In comparison, one year ago in January 2020, big banks approved a record high......
Biz2Credit Small Business Lending Index Finds Loan Approval Rates at Banks Have Plummeted More Than 50% Since Last January
Business Fintech News

Biz2Credit Study Shows PPP Had Large, But Short-Lived Effect on Small Business Survival

Fintech News Desk
Small Business Economic Indicator Study Examined Cash Flow, Predicts Many Bankruptcies Possible without PPP2 Stimulus Biz2Credit’s new six-month analysis of COVID-19’s impact on small businesses found that government lending programs restored sufficient capital for businesses to weather the effects of the pandemic for a short period, but that many firms......
HSBC Launches New Service with Biz2Credit to Streamline Banking for Small Businesses in the US
Banking Fintech News

HSBC Launches New Service with Biz2Credit to Streamline Banking for Small Businesses in the US

Fintech News Desk
HSBC Bank’s launch of the Biz2X Platform gives customers faster access to loans and credit cards HSBC Bank USA, N.A., part of HSBC Group, today announced it is working with Biz2Credit to give small business owners quicker and easier access when applying for business financing. As part of the HSBC......