Tag : Business Lending

Idea Financial Surpasses $1 Billion in Business Funding, Reinforcing Its Role as a Leading Force in SMB Lending Innovation
Fintech Lending News

Idea Financial Surpasses $1 Billion in Business Funding, Reinforcing Its Role as a Leading Force in SMB Lending Innovation

PR Newswire
by PR Newswire0
Idea Financial, a nationwide small business lender, recently surpassed $1 billion in funding since its 2017 inception. Founded by two Miami trial lawyers from their law firm conference room, Idea Financial has developed into a leader in assisting the cornerstone of the United States economy: Main Street businesses. Since its first dollar funded in January 2018, Idea......
Ned Introduces Spotlight, a Lightweight Solution for Instant Cash Flow Insight
Fintech Lending News

Ned Introduces Spotlight, a Lightweight Solution for Instant Cash Flow Insight

Business Wire
by Business Wire0
Spotlight delivers real-time cash flow visibility so lenders can reduce risk, cut complexity, and respond faster in a volatile market Ned, a leading infrastructure platform for modern small business lending, announced the launch of Spotlight, its first modular solution designed to give lenders instant visibility into a borrower’s real-time cash......
Jaris Modernizes Merchant Onboarding and Delivers Value-Added Financial Services for ISOs, Processors, Banks, and Platforms
Banking Fintech News

Jaris Modernizes Merchant Onboarding and Delivers Value-Added Financial Services for ISOs, Processors, Banks, and Platforms

PR Newswire
by PR Newswire0
The platform streamlines merchant onboarding while providing embedded business lending, instant payouts, and banking solutions that drive growth and enhance customer experience. Jaris, a trusted provider of embedded financial services, announced its modern onboarding solution for independent sales organizations (ISOs), processors, banks, and platforms. Designed to improve efficiency, Jaris enables......
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......
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