Tagged: small business lending

LendingUSA Names Narine Yenovkian As New Vice President of Compliance

LendingUSA, a U.S.-based fintech lender that provides loans to small businesses ranging from $1000 to $35,000, announced on Monday it has appointed Narine Yenovkian as its new Vice President of Compliance. LendingUSA reported that in her new role, Yenovkian will lead the Compliance Department in… Read More

Online Lender Lendified Raises Capital on FrontFundr & DealSquare, Seeks $4 Million

Lendified, a Canadian online lending platform, is cross-listing a securities offering on crowdfunding platform FrontFundr and DealSquare.  Peter-Paul Van Hoeken, founder and CEO of Silver Maple Ventures, labeled the offering a “ground-breaking development for the private markets.” DealSquare is a new platform created by NEO… 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

U.S.-Based Small & Medium-Sized Business Financing Provider Kapitus Closes Second Asset-Backed Securitization For $160 Million

Kapitus, a U.S.-based small and medium-sized business financing provider, announced on Tuesday it closed its second asset-backed securitization (ABS) for $160 million. Kapitus reported that the facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million, was issued in… Read More

Federal Reserve Bank of New York: Demand for Small Dollar Business Loans is High But Key Sectors Struggle to Secure Bank Financing

The Federal Reserve Bank of New York has published a presentation on Small Business Credit. The document indicates that small business optimism is near a 15 year high and demand for small-dollar loans (under $1 million) is robust yet these same small dollars loans have… 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

SME Challenger Bank Judo Bank Receives Full Banking License From Australian Prudential Regulation Authority

Judo Bank (formerly Judo Capital), a SME challenger bank, announced on Wednesday it was granted a full banking license by the  Australian Prudential Regulation Authority (APRA). According to the bank’s Chairman, Peter Hodgson, the full license means Judo will be able to significantly extend the… 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

NextSeed is a Bank Loan Alternative Helping Entrepreneurs Raise the Money They Need to Succeed

NextSeed is one of a handful of FINRA approved Reg CF crowdfunding portals that is successfully providing access to growth capital for small businesses across the US. It is the only platform in operation that focuses solely on debt financing as most other platforms are… Read More

CFPB Investigates Availability of Loans for Small Business in RFI

The Consumer Financial Protection Bureau (CFPB) has initiated an inquiry into to best identify the financing needs of small businesses, especially those owned by women and minorities. The agency says that public information on this lending market is inconsistent and incomplete. The Request for Information… Read More

Lendio Releases Annual List of Top 10 Best States for Small Business Lending

Marketplace lending platform Lendio announced on Monday its annual list of Top 10 Best States For Small Business Lending. The list is based on the lending data from the lender’s platform, which matches small businesses with over 75 lenders. Speaking about the list, Brock Blake,… Read More

Federal Reserve Reports on Small Business Lending

The Federal Reserve has published a report on the state of small business credit. The Small Business Credit Survey (SBCS), a national collaboration of the 12 Federal Reserve Banks, is designed to provide information on small business financing needs, decisions, and outcomes to policy makers. The… Read More

Dealstruck Compares Loan Options for Small Business Owners (Infographic)

The signature scent of January is optimism: We will avoid processed food, learn Mandarin Chinese and log at least nine miles before dinner (likely wild salmon atop a quinoa-kale salad). But New Year’s resolutions become realities after taking the first step, whether it’s learning how… Read More

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