Tag : Business Lending

Zvilo Signs Terms to a €50 Million Debt Facility With a London-Based Fintech Fund
Lending News

Zvilo Signs Terms to a €50 Million Debt Facility With a London-Based Fintech Fund

Fintech News Desk
by Fintech News Desk0
New facility terms secured as Zvilo prepares to scale its SME supplier lending in the Balkans Credit-led challenger, Zvilo, has signed a term sheet for a new debt facility of up to €50m with a leading London-based alternative asset management company. Zvilo is transforming business lending in the Balkans by......
Cadence Bank and NCRC Announce $20.7 Billion Community Benefits Plan
Banking Lending News

Cadence Bank and NCRC Announce $20.7 Billion Community Benefits Plan

Fintech News Desk
by Fintech News Desk0
Cadence Bank announced its 2022-2026 Community Benefits Plan—developed in collaboration with the National Community Reinvestment Coalition (NCRC)—building on its longstanding commitment to support traditionally underserved communities, including low- and moderate-income (LMI) neighborhoods, people of color, and small businesses. The $20.7 billion five-year plan includes provision for mortgage lending, small business lending,......
Funding Circle and Nationwide Launch Innovative Partnership
Lending News

Funding Circle and Nationwide Launch Innovative Partnership

Fintech News Desk
by Fintech News Desk0
Funding Circle, a leading online small business lending platform in the U.S., and Nationwide, one of the nation’s longest-standing insurance and financial services companies, announced the launch of a brand new partnership specifically designed to improve access to much-needed capital and business insurance resources and services for American small business owners.......
Umpqua Bank Contributes $15.5 Million to Washington's Small Business Flex Fund
Banking Fintech Funding News

Umpqua Bank Contributes $15.5 Million to Washington’s Small Business Flex Fund

Fintech News Desk
by Fintech News Desk0
This additional private-sector commitment brings the fund’s total to $85.5 million for the first-of-its-kind state small business lending program The Small Business Flex Fund announced that it has received $15.5 million in committed capital from Umpqua Bank. The Flex Fund has now raised a total of $85.5 million that will benefit small businesses and......
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......
Lendflow Closes $10.8 Million Series A Financing to Turn Any Company into a Fintech
Fintech News

Lendflow Closes $10.8 Million Series A Financing to Turn Any Company into a Fintech

Fintech News Desk
by Fintech News Desk0
Underscore VC Backs Fast-growing SMB Contextual Lending Services Platform Lendflow, the market leader in embedded small and medium business lending, announced it has raised a $10.8 million Series A funding round. Underscore VC led the financing, which brings its total funding raised since its 2019 inception to over $13 million. Uncorrelated Ventures,......
Platinum Bank Quickly Deploys the nCino Bank Operating System to Streamline Business Lending
Banking Fintech Investment Services News Risk Management

Platinum Bank Quickly Deploys the nCino Bank Operating System to Streamline Business Lending

Fintech News Desk
by Fintech News Desk0
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that $425 million-asset Platinum Bank has deployed the nCino Bank Operating System to optimize its business lending. With COVID-19 hastening financial institutions’ need to transition to a digital environment, Platinum Bank......
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
by Fintech News Desk0
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......
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