Tag : Small Business Administration

OppFi Acquires Equity Interest in Bitty, Enters Small Business Financing Market
Fintech News

OppFi Acquires Equity Interest in Bitty, Enters Small Business Financing Market

Business Wire
by Business Wire0
Led by proven operator and industry leader Craig Hecker, Bitty is a profitable and growing platform that provides credit access to underserved small businesses The transaction implies a 6.0x purchase multiple on adjusted net income for the trailing twelve months ending March 31, 2024 and is expected to be immediately......
BayFirst Financial Corp. Launches LoanBud, a Nationwide Lender Focused on Serving the Self-Employed
Lending Mortgage News

BayFirst Financial Corp. Launches LoanBud, a Nationwide Lender Focused on Serving the Self-Employed

Fintech News Desk
by Fintech News Desk0
BayFirst Supports America’s Freelance Economy and Small Business Owners with Alternative Mortgage Qualification Options and SBA Loans BayFirst Financial Corp. announced that First Home Bank (d/b/a BayFirst Bank), its wholly-owned subsidiary, has launched LoanBud, a lending division designed specifically to serve self-employed homebuyers and small business owners across the U.S. LoanBud......
First Internet Bank Expands SBA Team
Banking Business News

First Internet Bank Expands SBA Team

Fintech News Desk
by Fintech News Desk0
Welcomes Senior Business Development Officers First Internet Bank welcomes Samuel Criales, Thomas Hurdman, Laurel McNamara and Ben Woodward to its Small Business Administration (SBA) Lending team as Senior Business Development Officers. “Each is a top performer, proven to be a trusted advisor to clients and able to provide expertise in all facets of the SBA lending......
Fountainhead Signs Deal to License Biz2X SBA Platform for PPP Loans, Other SBA Programs
Business Fintech News

Fountainhead Signs Deal to License Biz2X SBA Platform for PPP Loans, Other SBA Programs

Fintech News Desk
by Fintech News Desk0
Fountainhead, one of the most active SBA lenders in the country in 2020, today announced a partnership in which the nonbank lender will utilize Biz2Credit’s cutting edge Biz2X Accelerate SBA platform to process Small Business Administration (SBA) loan applications for all SBA lending programs more quickly and efficiently, including during the upcoming second round......
Wolters-Kluwer-enhances-end-to-end-user-experience-for-latest-PPP-funding-through-TSoftPlus-software-and-eOriginal-platform
Fintech Investment Services Mobile Banking News

Wolters Kluwer Enhances End-to-end User Experience For Latest PPP Funding Through TSoftplus Software And eOriginal Platform

Fintech News Desk
by Fintech News Desk0
In anticipation of the recently announced U.S. fiscal stimulus package, which provides $284.5 billion in additional Paycheck Protection Program (PPP) stimulus funding, Wolters Kluwer’s Compliance Solutions business has further enhanced its award-winning Paycheck Protection Program Supported by TSoftPlus™ software to expedite Small Business Administration (SBA) loan applications. Thanks to its recently announced acquisition of eOriginal,......
Wolters Kluwer expert solutions recognized by 2020 CPA Practice Advisor Technology Innovation Awards
Business Fintech News

Wolters Kluwer PPP Forgiveness Module Application Processing Underway

Fintech News Desk
by Fintech News Desk0
Technology speeds a key step in Paycheck Protection Program loan forgiveness applications(Wolters Kluwer) With the Small Business Administration’s (SBA) Loan Forgiveness Portal now live, Wolters Kluwer Compliance Solutions has begun submitting completed borrower loan forgiveness application data directly to the SBA via its TSoftPlus™ PPP Forgiveness Module. The Module was launched in June......
Baker Hill Leadership Receives Recognition Throughout 2020
Banking Business Fintech News Risk Management

Baker Hill Poised for Market Growth with the Most Recent Updates to Baker Hill NextGen

Fintech News Desk
by Fintech News Desk0
Baker Hill, the leading financial technology provider in delivering solutions for commercial, small business and consumer loan origination, risk and relationship management, CECL, and analytics, announces the summer release of Baker Hill NextGen. This update release contains many new features and enhancements such as new capabilities to streamline Small Business......
SBA Interest Rates Hit All-Time Historic Low – Small Business Wins with the 504 Program
Business Capital Markets Fintech News

SBA Interest Rates Hit All-Time Historic Low – Small Business Wins with the 504 Program

Fintech News Desk
by Fintech News Desk0
Small Business Administration (SBA) commercial mortgage interest rates have fallen to an all-time historic low, creating a very timely and affordable opportunity for small business owners to refinance conventional mortgage and other business related debt with or without a cash-out option or purchase commercial real estate. Read More: Healthfully and......
New SBA Guidelines Worry Banks and Borrowers
Banking Business Fintech News

New SBA Guidelines Worry Banks and Borrowers

Fintech News Desk
by Fintech News Desk0
As of Friday, May 22, 2020, the Small Business Administration (SBA) released the second version of the Interim Final Rules pertaining to the guidelines on the SBA loan review process. Then one week later, senate passes house bill on June 3rd which again changed the rules on PPP Forgiveness. The everchanging landscape has lenders......
Wallis Bank Provided $347.5 Million in PPP Loans for Over 3,500 Small Businesses Impacted by COVID-19
Banking Business Fintech News

Wallis Bank Provided $347.5 Million in PPP Loans for Over 3,500 Small Businesses Impacted by COVID-19

Fintech News Desk
by Fintech News Desk0
Wallis Bank announced that it has processed over 3,500 loans totaling more than $347.5 million under the Small Business Administration’s Paycheck Protection Program (PPP), helping small businesses support payroll and related costs. The average loan size was approximately $99,000 as of May 26. The PPP provides forgivable, government-guaranteed loans for the nation’s small businesses, which account......
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