Tag : Business Lending

Ascent Partners with MSU Federal Credit Union to Transform Business Lending
Lending News

Ascent Partners with MSU Federal Credit Union to Transform Business Lending

PR Newswire
by PR Newswire0
Through a pilot partnership, MSUFCU will test Ascent’s Loan Origination add-on for unsecured business loans and lines of credit, offering members a streamlined and efficient lending experience. Ascent Platform Corporation, the leader in financial portability solutions for banks and credit unions, is pleased to announce its partnership with Michigan State University Federal Credit......
NewtekOne, Announces that its Bank Subsidiary, Newtek Bank, N.A., has Declared a Dividend of $2.0 Million Payable to NewtekOne
Banking News

NewtekOne, Announces that its Bank Subsidiary, Newtek Bank, N.A., has Declared a Dividend of $2.0 Million Payable to NewtekOne

GlobeNewswire
by GlobeNewswire0
NewtekOne, announced that the Board of Directors of its bank subsidiary, Newtek Bank, N.A,. has declared a dividend of $2.0 million, payable to NewtekOne. Latest Fintech Interview Global Fintech Interview with Brian Halpin, SVP, SS&C Blue Prism Internal Automation Barry Sloane, Chairman, President and Chief Executive Officer said, “We are......
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......
CFPB Issues Determination that State Disclosure Laws on Business Lending are Consistent with the Truth in Lending Act
Lending News

CFPB Issues Determination that State Disclosure Laws on Business Lending are Consistent with the Truth in Lending Act

Fintech News Desk
by Fintech News Desk0
New York law – as well as similar laws in California, Utah, and Virginia – are not preempted by federal law The Consumer Financial Protection Bureau (CFPB) announced it has determined that state disclosure laws covering lending to businesses in California, New York, Utah, and Virginia are not preempted by......
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......
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,......
MeridianLink Expands Business Lending Capabilities
Lending News

MeridianLink Expands Business Lending Capabilities

Fintech News Desk
by Fintech News Desk0
MeridianLink Business empowers financial institutions to offer fast, reliable business lending to their communities MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies, announced the availability of MeridianLink Business. Originally launched as Atlas Platform by StreetShares, which was acquired in 2022, MeridianLink Business......
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,......
Sunflower Bank, N.A. Announces Launch of New Small Business Lending Online Platform in Partnership with SmartBiz
Lending News

Sunflower Bank, N.A. Announces Launch of New Small Business Lending Online Platform in Partnership with SmartBiz

Fintech News Desk
by Fintech News Desk0
Sunflower Bank, N.A. is thrilled to announce the launch of a new small business lending platform in partnership with SmartBiz, the leading AI-powered small business financing platform. Through a new end-to-end online portal, small businesses in Sunflower Bank, N.A.’s branch footprint now have access to a streamlined process to apply......
Merchants & Marine Bancorp, Inc. Launches Voyager Lending, a Small Business Lending Group Focused on SBA and USDA Loans
Lending News

Merchants & Marine Bancorp, Inc. Launches Voyager Lending, a Small Business Lending Group Focused on SBA and USDA Loans

Fintech News Desk
by Fintech News Desk0
Merchants & Marine Bancorp, Inc., the parent company of Merchants & Marine Bank, a century-old Mississippi-based financial institution, has launched Voyager Lending, a division dedicated to offering lending solutions for small business owners. “Our company’s commitment to small business owners reaches beyond standard banking services and has been a priority......
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