Tagged: biz2credit

Biz2Credit CEO Slams Accusations Made by The Daily Caller

Earlier this week, an article in The Daily Caller targeted Itria Ventures. Itria is a financial services firm in the business of providing financing to its clients by making loans and purchasing accounts receivable – typically referred to as a Merchant Cash Advance (MCA) provider…. Read More

Biz2Credit Introduces Biz2X Accelerate SBA Platform For Banks & Credit Unions to Start Lending Under CARES Act

Small business funding platform Biz2Credit announced on Monday the launch of Biz2X Accelerate SBA, a platform that enables banks and other financial institutions to efficiently respond to the influx of loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP)… Read More

Small Business Loans at Record High in February: Report

Small business loans remained at a record high level during the month of February, according to the Biz2Credit Small Business Lending Index. The report indicates that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) stayed flat at 28.3%… Read More

Biz2Credit Small Business Lending Index Reveals: Small Business Loan Approval Rates at Big Banks Reach New Record in January 2020

Biz2Credit announced on Tuesday its latest Small Business Lending Index revealed the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rose one-tenth of a percent to reach 28.3% in January 2020. According to the Index, the approval rate at… Read More

Biz2Credit Reports SME Loan Approval Hits Record in December

The approval percentage for small business loans has hit a new “post-recession record high,” according to the Biz2Credit Small Business Lending Index. The company said approvals inched up by one tenth of a percent to reach 28.2%. Biz2Credit monitors small business lending from banks with… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Big Banks’ Small Business Loan Approvals Continue to Rise By Reaching New Record High in November 2019

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Biz2Credit announced on Tuesday the release of its latest Biz2Credit Small Business Lending Index, which revealed that the approval percentage fo small business loan applications at big banks (which are $10 billion+ in assets) inched up one-tenth of a percent to reach 28.1% in November… Read More

Biz2Credit’s Analysis of Industry Sectors Reveals Restaurant Loan Approval Rates Were Above 50% in 2018

Online lending platform Biz2Credit announced on Friday its latest analysis of industry sectors found that restaurant loan approval rates were above 50% in 2018. Biz2Credit revealed that though the analysis noted that restaurants and accommodation businesses had the highest loan approval rates (51%) in 2018… Read More

Biz2Credit’s July 2019 Small Business Lending Index Reveals: Small Business Loan Approvals at Banks Hit Record Highs

Online lending platform Biz2Credit announced on Tuesday the release of its Biz2Credit Small Business Lending Index, which revealed approval rates for small business loan applications rose to another post-recession record (27.7%) at big banks ($10 billion+ in assets), while also climbing above 50% at small… Read More

Fintech OnDeck Whiffs, Shares Get Hammered as JP Morgan Stops Using Platform, OnDeck Decides to Pursue Bank Charter

Earlier today before market open, online lender Ondeck (NYSE:ONDK) posted Q2 earnings. Ondeck said that it generated net income of $4.3 million, adjusted net income of $6.9 million and gross revenue of $110.2 million. Second-quarter results were inclusive of the company’s business combination with Evolocity… Read More

Biz2Credit Secures $52 million Through Series B Funding Round Led By WestBridge Capital

Online lending platform Biz2Credit announced on Tuesday it secured $52 million through its Series B funding round, which was led by WestBridge Capital. Founded in 2007, Biz2Credit is on a mission to provide small businesses with lending solutions throughout their lifecycle in a flexible and… Read More

Biz2Credit Launches Global SaaS Lending Platform Banks Biz2X

Biz2Credit Inc. announced on Tuesday the launch of its new turnkey global SaaS platform, Biz2X. According to Biz2Credit, Biz2X enables financial institutions to provide a customized online lending experience for their small and midsize business customers. Biz2Credit further explained: “The Biz2X Platform is the natural outgrowth of… Read More

Biz2Credit’s Latest Small Business Lending Index Reports: Small Business Loan Approvals at Banks Jumped Again in April

Biz2Credit announced on Tuesday the results of its latest Small Business Lending Index report, which revealed approval rates for small business loan applications reached a record high of 27.5% at big banks ($10 billion+ in assets) in April, up one-tenth of a percent from March, while  approval percentages at small… Read More

HSBC Canada Forms New Partnership With Biz2Credit to Give Canadian Small Business Owners Financing Quicker & Easier

Biz2Credit announced on Monday it is working with HSBC Bank Canada to give Canadian small business owners quicker and easier access to apply for business financing through HSBC eCredit. According to the duo, HSBC eCredit is a digital-first approach to lending, which will allow small business… Read More

Biz2Credit Announces New Partnerships With Popular Bank to Expand Small Business Financing Solutions

Biz2Credit announced on Tuesday it has formed a new partnership with U.S. banking group Popular Bank to expand on the bank’s digital presence and help streamline its small business loan application process. The duo reported that through this new partnership Popular Bank will leverage Biz2Credit’s analytics… Read More

Biz2Credit’s Latest Small Business Lending Index Reveals: Big Banks Hit Record High Small Business Loan Approval Percentages in September 2018

Biz2Credit recently announced the results of its latest small business lending index, which revealed small business loan approval rates for big banks reached another high point in September 2018. According to the index, September 2018’s approval percentage for big banks (assets of $10 billion+) rose two-tenths of… Read More

Biz2Credit Launches New Virtual CFO for Small Businesses

Biz2Credit announced on Wednesday the launch of its BizAnalyzer Virtual CFO, which is described as an advanced software tool that enables business owners to make smarter financial decisions about their companies. According to Biz2Credit, the virtual CFO software is available to clients of Paychex Promise,… Read More

Biz2Credit’s Latest Business Index Reveals: Strong Economy Leads to Record High Small Business Loan Approval Percentages at Big Banks in July 2018

Biz2Credit recently announced the results of its latest small business lending index, which revealed that small business loan approval rates for big banks reached another high point in July 2018. The index notably examines more than 1,000 credit applications made by small businesses through Biz2Credit’s online lending platform. According… Read More

Biz2Credit’s Latest Small Business Lending Index Confirms: Small Business Lending Thrived in January 2018

On Tuesday, Biz2Credit announced the results of its latest small business lending index, which revealed that business loan approval rates for big banks (25.3%) hit another new high last month, with big banks (assets of $10 billion+) granting more than one-quarter of the small business… Read More

Biz2Credit’s New Small Business Lending Index Reveals: Bank & Institutional Lender Loan Approval Rates Climb in September 2017

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that Business loan approval rates at big banks ($10 billion-plus in assets) hit another post-recession high in September 2017. According to the report, Small business loan approval rates at big banks improved two-tenths of… Read More

Biz2Credit Teams Up With Columbus Business School to Host Frontiers of Digital Finance Conference

On Wednesday, Biz2Credit announced it has teamed up with the Columbus Business School to host the Frontiers of Digital Finance in New York on October 2nd-3rd. According to the duo, the conference will drive a discussion among those in the industry as well as policy makers… Read More

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