Tagged: biz2credit

February 11, 2020 @ 3:51 pm By Samantha Hurst  |  

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

January 14, 2020 @ 11:45 pm By JD Alois  |  

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

December 10, 2019 @ 12:00 pm By Samantha Hurst  |  

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

September 1, 2019 @ 11:10 pm By Samantha Hurst  |  

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

August 7, 2019 @ 10:12 am By Samantha Hurst  |  

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

July 29, 2019 @ 7:44 pm By JD Alois  |  

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

June 4, 2019 @ 2:10 pm By Samantha Hurst  |  

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

May 21, 2019 @ 3:54 pm By Samantha Hurst  |  

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

May 14, 2019 @ 3:05 pm By Samantha Hurst  |  

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

November 19, 2018 @ 10:04 am By Samantha Hurst  |  

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

October 30, 2018 @ 3:29 pm By Samantha Hurst  |  

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

October 15, 2018 @ 3:18 pm By Samantha Hurst  |  

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

September 5, 2018 @ 9:49 am By Samantha Hurst  |  

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

August 17, 2018 @ 8:57 am By Samantha Hurst  |  

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

February 6, 2018 @ 3:20 pm By Samantha Hurst  |  

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

October 11, 2017 @ 8:36 am By Samantha Hurst  |  

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

August 23, 2017 @ 12:03 pm By Samantha Hurst  |  

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

August 8, 2017 @ 1:44 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that loan approval rates at big banks ($10 billion-plus in assets) increased to a new post-recession high in July 2017 and the loan approval percentages of institutional investors also set a new… Read More

July 11, 2017 @ 11:05 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced its latest Small Business Lending Index revealed that loan approval rates at big banks, $10 billion-plus in assets, increased to post-recession highs in June 2017 while small banks, alternative lenders, and credit unions experienced a decline in the percent of funding… Read More

June 13, 2017 @ 3:59 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest Small Business Lending Index that revealed loan approval rates at big banks, small banks, alternative lenders, and credit unions took a slight dip in May 2017. According to the lending platform, small business loan approval rates at big banks… Read More