Tagged: biz2credit

Loan Approval Rates Continue Rising: Biz2Credit Survey

Small business loan approval rates grew slightly between June and July, leaving them at the same percentage as they were this time in 2020, data from Biz2Credit’s Small Business Lending Index shows. Small bank approval rates also improved from 18.9 percent to 19.1 percent over… Read More

Loan Approval Rates Creep Up Post-PPP: Biz2Credit

Loan approval percentages at both big and small banks inched up in May, with smaller banks remaining more generous. That data comes from Biz2Credit’s Small Business Lending Index, which was released earlier today. It showed those banks with at least $10 billion in assets approved… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: April 2021 Non-PPP Loan Approval Rates Remain Relatively Unchanged

  Biz2Credit announced on Tuesday its latest Small Business Lending Index reported small business loan approval percentages at big banks ($10 billion+ in assets) dipped slightly to 13.4% in April from 13.5% in March 2021. The Index also revealed that small banks’ approvals have dropped to… Read More

Biz2Credit Announces Support For Biden-Harris Administration’s PPP Changes to Promote More Equitable Access to Funding

  Biz2Credit announced earlier this week it supports Biden-Harris Administration’s changes to the Paycheck Protection Program (PPP). The company claims that the changes will promote more equitable access to funding for small businesses in need of funding during the COVID-19 pandemic. Biz2Credit further revealed it has… Read More

Biz2Credit’s Latest Small Business Lending Index Reports Loan Approval Rates at Banks Declined in December 2020, Are Down More Than 50% from One Year Ago

  Biz2Credit announced on Tuesday its latest Small Business Lending Index reported small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.2% in November to 13.1% in December, an indication that the challenges for small business owners in need of… Read More

Biz2Credit Opens Applications For New Round of Paycheck Protection Program Loans

Biz2Credit announced on Tuesday it has opened applications for anew round of Paycheck Protection Program (PPP) loans.  The PPP is part of the $2 trillion CARES Act signed on March 27, 2020, aimed at getting small business owners back on their feet and millions of Americans… Read More

AICPA, CPA.com, and Biz2Credit: Small Businesses and CPA Firms Should Be Readying for New Round of PPP Relief Funds

Biz2Credit has teamed up with the American Institute of CPAs (AICPA) and its business and technology arm, CPA.com to recommend that small businesses and CPA firms should be readying for a new round of Paycheck Protection Program (PPP) relief funds. Biz2Credit reported that during the initial… Read More

The Paycheck Protection Program Had a Short Positive Impact, But PPP2 Needed: Biz2Credit

The Paycheck Protection Program (PPP), helicopter money disbursed by the federal government to aid businesses crushed by the ongoing COVID-19 pandemic had a positive effect but the overall impact has been short-lived, according to research provided by Biz2Credit. The online lender states that the government… Read More

Biz2Credit Named Winner of a 2020 Davey Award & MarCom Award for Rebrand & Video Animation

Small business funding platform Biz2Credit announced on Tuesday it recently won two prestigious marketing awards for its work in 2020, the Davey Award (Awarded for Rebranding), the MarCom Award (Awarded for Video Animation) and was a finalist at the Benzinga Global FinTech Awards in the… Read More

HSBC and Biz2Credit Partner on SME Loan Service

HSBC Bank USA, N.A., part of HSBC Group, has partnered with Biz2Credit to provide SMEs with quicker and easier access when applying for business financing. According to a note from Biz2Credit, the service is part of the HSBC Fusion service offering. The bank is using… Read More

Biz2Credit Small Business’ Latest Lending Index Reveals: Small Business Loan Approval Rates at Banks Declined in October 2020

Small business funding platform Biz2Credit announced on Tuesday its latest lending index revealed that small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.5% in September to 13.3% in October. Biz2Credit reported that during the month of October small… Read More

Biz2Credit’s Annual Study Reveals: Cost Exceeds Revenue For Many Latino-Owned Businesses Since the COVID-19 Pandemic Began

Small business funding platform Biz2Credit announced on Monday that its annual Biz2Credit Latino-Owned Business Study for 2020 revealed that prior to the COVID-19 pandemic revenue growth of Latino-owned companies was up 10% over last year, but like most other businesses in America, their fortunes have… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Small Business Loan Approval Rates At Banks Fell Again in September 2020

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) dropped slightly from 13.6% in August to 13.5% in September, indicative of the struggles… Read More

Biz2Credit Teams Up With AICPA & CPA.com to Launch New Small Business Funding Platform

Small business funding platform Biz2Credit announced on Tuesday it is teaming up with the American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, to launch a new small business funding platform, CPALoanPortal.com. According to Biz2Credit, the platform was created to help… Read More

SBA Approved Non-Bank Lender ACAP Signs Deal With Biz2Credit For License PPP Forgiveness Platform

ACAP, an SBA-approved non-bank lender and national loan aggregator of Paycheck Protection Program (PPP) loans, announced on Wednesday it has signed a new deal with Biz2Credit to utilize the Biz2X PPP Forgiveness Platform. ACAP reputed that it and its servicing team The Loan Source will… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Small Business Loan Approval Rates at Banks Fell in August 2020

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed small business loan approval percentages at big banks ($10 billion+ in assets) and small banks dropped slightly in August 2020, an indication that the upward trend… Read More

Biz2Credit’s Latest Small Business Lending Index: Small Business Loan Approval Rates at Banks Increased in July 2020

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Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index has been released and revealed that the approval percentage for small business loan applications at big banks, which are more than $10 billion in assets increased three-tenths of a percent from… Read More

Biz2Credit Analysis of COVID-19 Effects on Small Businesses Reveals: Revenues Dropped 52% and Payrolls Declined 54%

Small business funding platform Biz2Credit announced on Tuesday its new Small Business Financial Health Survey, a study of primary data from 300 small business owners who received funding through the U.S. government’s Paycheck Protection Program (PPP), revealed year-over-year second quarter revenues of small business owners… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Small Business Loan Approval Rates Rebound in June 2020

  Small business funding platform Biz2Credit announced on Tuesday its latest Biz2Credit Small Business Lending Index revealed the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 11.5% in May to 13.5% in June. According to the Index,… Read More

Biz2Credit Set to Host Forum With Susan Collins to Discuss Paycheck Protection Program Success & Lessons

Small business funding platform Biz2Credit announced on Tuesday it will be hosting a forum with Maine senator, Susan Collins, to discuss the Paycheck Protection Program (PPP), which includes the program’s successes and the lessons learned from the program.  The PPP was created through the Keeping… Read More

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