Tag : business loan

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August
Lending News

Business Loan Approvals at Big Banks and Credit Unions Continued to Slide in August

GlobeNewswire
by GlobeNewswire0
Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose at regional and community banks and non-bank lenders. Small business loan approval percentages at big banks ($10 billion+ in assets) fell from 13.3% in July to 13.2% in August, according to the......
Tokenization of Assets: A Disrupting Way to Raise Capital for SMBs
Fintech Investments News

Tokenization of Assets: A Disrupting Way to Raise Capital for SMBs

Fintech News Desk
by Fintech News Desk0
Billions of dollars have been raised to foster smart ideas and innovative business models that can change the world. LiveTrade Token (LTD), Never has technology been integrated this much to all fields and aspects of life, and there is no doubt that it is making huge transformations to society. In fact,......
Abrigo Launches Consumer Lending and Account Opening Solutions
Banking Digital Fintech Mobile Banking News

Abrigo Launches Consumer Lending and Account Opening Solutions

Fintech News Desk
by Fintech News Desk0
Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for financial institutions, is excited to announce the launch of its consumer lending platform. Abrigo Consumer Lending is a fully digital end-to-end solution that automates the entire life of the loan. Abrigo’s consumer loan origination software enables financial......
Non-Bank Lender Leading the Way in Small Business Funding
Banking Business Finance News

Non-Bank Lender Leading the Way in Small Business Funding

Fintech News Desk
by Fintech News Desk0
As many enterprising small business owners would know, getting finance can be a major thorn in the side, with one in every four small and medium enterprises (SMEs) getting rejected by banks. According to the Australian Banking Association, 60 per cent of aspiring small business owners say that access to......
Square announces Terminal API at Unboxed 2020 Conference
Banking Business Capital Markets Fintech News

PPP in Review: Square Capital Has Facilitated Over $820M in Stimulus Loans to 76,000+ Small Businesses Across All 50 States

Fintech News Desk
by Fintech News Desk0
Since we began processing Payroll Protection Program (PPP) applications on April 29, 2020, as of June 10, Square Capital has facilitated more than $820 million in PPP loans, providing access to a financial lifeline to more than 76,000 small businesses. That’s an average loan of less than $11,000, with 97%......
Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index
Banking Business Economy Fintech News

Small Business Loan Approval Rates Rebounded in May 2020: Biz2Credit Small Business Lending Index

Fintech News Desk
by Fintech News Desk0
Improvement in Approvals for Companies Applying for Non-CARES Act Loans The approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May, according to the Biz2Credit Small Business Lending Index™ released . Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership......
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