Tagged: small business loans

November 8, 2023 @ 10:25 am By JD Alois  |  

Biz2Credit’s periodic small business lending index is sharing once again that big banks are denying loan approvals for SMEs. At the same time, smaller banks and alternative lenders are stepping in to fill the gap and provide much-needed growth capital. According to the index, big… Read More

November 1, 2023 @ 12:15 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), the online platform for small business loans, announced that we have received a formal notice from the US Small Business Administration (SBA) that their application has “resulted in a tentative award for an SBA Small Business Lending Company (SBLC) license to… Read More

September 9, 2022 @ 7:49 am By Omar Faridi  |  

Funding Circle, which claims to be the United Kingdom’s largest small business loan platform, has announced its results for the six months “ended 30 June 2022.” As noted in an update shared with CI, Funding Circle delivered “a financial performance ahead of expectations, finishing the… Read More

June 9, 2020 @ 12:35 pm By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday the release of its latest Small Business Lending Index, which revealed that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) rebounded from just 8.9% in April to 11.5% in May…. Read More

May 12, 2020 @ 11:24 am By Samantha Hurst  |  

Small business funding platform Biz2Credit announced on Tuesday its latest Small Business Lending Index reveals that the approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted below double digits to just 8.9%, down from 15.4% in March and an… Read More

April 28, 2020 @ 11:58 am By Samantha Hurst  |  

Online lending platform Lendio announced on Tuesday it has joined forces with wellness industry technology platform, Mindbody, to expedite relief funding through the Paycheck Protection Program (PPP) to small businesses that are struggling during the COVID-19 pandemic. According to Lendio, Mindbody’s software solution links hundreds… Read More

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

March 28, 2018 @ 2:36 pm By Erin Hobey  |  

Kabbage, Inc., a global financial services, tech and data platform serving small businesses, analyzed the lending behavior of nearly 150,000 small businesses — sourcing its own customers — noting a steadily increasing growth in mobile lending. The total number of loans accessed through mobile increased… Read More

January 12, 2017 @ 7:22 am By Erin Hobey  |  

Loan approval rates at big banks ($10 billion+ in assets) and institutional lenders finished the year strong, improving to post-recession highs in December 2016, according to the most recent Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on… Read More