Tag : business loans

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

FTS News Desk
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......
Enova Announces Definitive Agreement to Combine its ODX Business with Fundation's Business to form Market-Leading Digital Account Origination Company
Business Fintech InsurTech News

Enova Announces Definitive Agreement to Combine its ODX Business with Fundation’s Business to form Market-Leading Digital Account Origination Company

FTS News Desk
Combined company will serve top U.S. banks with AI-based analytics solutions and a global SaaS platform. Enova will retain a minority stake in the new combined company. Enova International, a leading financial technology and analytics company offering consumer and small business loans and financing, today announced that it has entered......
JPIN Venture Catalysts Leads $2 Million Round in CreditEnable
Artificial Intelligence Business Fintech News

JPIN Venture Catalysts Leads $2 Million Round in CreditEnable

FTS News Desk
JPIN Venture Catalysts Ltd (JPIN VCATS) today announces a lead £700k investment into CreditEnable’s pre-series A round. CreditEnable is an AI-driven SME credit marketplace that uses data analytics and AI to support SMEs in procuring different business loans, helping lenders improve approval rates to above 70%. The investment – leading......
MYbank Unveils Five-Year Plan to Reach More SMEs Across China via Supply Chain Finance and Rural Lending
Banking Fintech News

MYbank Served Over 20 Million SMEs as of 2019, Further Spurring the Growth of China’s Small and Micro Businesses

FTS News Desk
MYbank, a leading online private commercial bank under Ant Financial Services Group, stated in its annual report released that it has served 20.87 million small and micro businesses in China as of the end of 2019. Read More: Jack Henry & Associates Launches Core-Integrated Accounts Receivable Financing “Even though my business......