Tag : Biz2Credit

Analytics Featured News

San Jose is The Top City for Small Business in 2022

Fintech Analyst
by Fintech Analyst0
Biz2Credit has identified San Jose as the “Best Small Business City in America,” based on average annual revenues in 2021, credit scores, age of business, and Biz2Credit’s proprietary BizAnalyzer score. BizAnalyzer factors in the local business climate, including rents, labor costs, and local tax rates. Biz2Credit examined the financials of over 82,000 companies that applied for small business loans in 2021, including companies that applied for PPP loans. According......
Biz2Credit Small Business Lending Index Reports Business Loan Approval Rates Rose Slightly in June 2022
Business Lending News

Biz2Credit Small Business Lending Index for March 2022 Finds Approval Rates Rise Again at Banks

Fintech News Desk
by Fintech News Desk0
Small business loan approval percentages at big banks ($10m + in assets) rose from 14.7% in February to 14.9% in March, and small banks’ approvals also increased from 20.5% in February to 20.6%, according to the latest Biz2Credit Small Business Lending Index™ released. Among several categories of non-bank lenders, approval percentages also climbed. Institutional lenders approved 25.3% of funding requests in March, up......
Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study
Fintech News

Revenues, Profits of Companies Owned by Women Decreased During 2021: Biz2Credit Women-Owned Business Study

Fintech News Desk
by Fintech News Desk0
Analysis of 100,000 Firms Finds Pandemic Revenues and Profits Fell Last Year The annual Biz2Credit Women-Owned Business Study found that profits for female business-owners dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, the primary reason profits fell in......
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
by Fintech News Desk0
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......
TruBoard Partners Collaborates With Biz2X to Bring Innovation In The FinTech Market For India
Fintech News

TruBoard Partners Collaborates With Biz2X to Bring Innovation In The FinTech Market For India

Fintech News Desk
by Fintech News Desk0
– Together, TruBoard Partners and Biz2X will implement positive changes in the FinTech market, ensuring enhanced profitability for all the stakeholders. TruBoard Partners has entered into an innovative partnership with Biz2Credit to deploy the latter’s digital lending platform Biz2X in India. This partnership will ensure an end-to-end digital flow for......
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
by Fintech News Desk0
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
by Fintech News Desk0
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
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......
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......
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......
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