Tagged: small business

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

Lithuania’s Debitum, which Offers Borderless Small Business Financing, Announces Updates for 2021

The Lithuania-based Debitum platform, which offers borderless small business financing, was closed on December 31, 2020, for maintenance. Debitum’s management noted that as we enter the new year, Debitum also has “something new.” Debitum added that they had already informed their investors and business partners… Read More

Expense & Travel Management For SMEs Sweep Now Seeking Funds Through Seedrs Campaign

Sweep, a UK-based expense and travel management for SMEs, is now seeking £125,000 through its newly launched equity crowdfunding campaign on Seedrs. The launch of the funding round comes just after Sweep received a £456,000 Innovate UK funding grant. Founded in 2017, Sweep states it… Read More

Brazilian SME Online Lender BizCapital Announces Additional $3 Million Investment Through Series B Funding Round

BizCapital, a Brazil-based SME online lending platform, announced on Friday it secured an additional $3 million through its Series B, bringing the investment round’s total amount to $15 million. The new funds come from Netherlands-based social impact investor Oikocredit. As previously reported, BizCapital provides online… Read More

Next Insurance Announces Integration With Intuit Quickbooks

Next Insurance, an insurtech seeking to transform small business insurance, announced on Thursday it has integrated with Intuit Inc. (Nasdaq: INTU). Next reported that the integration will enable QuickBooks users to seamlessly obtain a customized quote and easily purchase General Liability, Professional Liability and Workers’ Compensation coverage through the insurtech platform. “Not only… Read More

Paysafe’s Latest Research Reveals: 80% of North American In-Store SMEs That Have Diversified Online Or Enhanced Their Card-Present Payment Offerings During COVID-19 Pandemic Sees Positive Impact

Global payments provider Paysafe announced on Wednesday its latest research reveals four-fifths (80%) of North American in-store small and medium-sized businesses (SMBs) that have diversified online or enhanced their card-present payment offerings during the COVID-19 pandemic have seen a positive impact. Paysafe stated the research… 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

UK P2P Lender JustUs Begins Taking Applications for Small Business Interruption Loan Service or SBILS

JustUs, a UK-based peer to peer (P2P) lender, has reportedly started taking applications for the Small Business Interruption Loan Service (SBILS) in order to offer funding for companies that might not have been able to acquire financial assistance via the Coronavirus Business Interruption Loan Scheme… Read More

P2P Lender MarketFinance Reveals that Many Small Businesses in the UK Could Run Out of Cash Soon

MarketFinance, one of the world’s largest peer-to-peer (P2P) invoice finance platforms, has cautioned that many UK-based SMEs could soon run out of cash. This, as the government-backed funding schemes are scheduled to end soon. The Coronavirus Business Interruption Loan Scheme (CBILS) will end on September… Read More

Intelligent Payment Solutions Provider Plastiq Launches on Visa’s Small Business Hub

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Friday it has launched on Visa’s Small Business Hub. According to Plastiq, the Visa Small Business Hub helps the small business community to create and strengthen customer relationships through claimed safe, digitally-enabled practices. “The… Read More

Brazilian SME Online Lender BizCapital Secures $12 Million Through Series B Funding Round Led By DEG

BizCapital, a Brazil-based SME online lending platform, announced on Wednesday it secured $12 million through its Series B funding round, which was led by German development finance institution DEG, a subsidiary of  KfW Group, Germany’s promotional bank. Along with DEG, MELI Fund, the Corporate Venture Capital… Read More

Biz2Credit’s Latest Small Biz Lending Index Reveals: Small Business Loan Approval Rates Rebounded in May 2020

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

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

Plastiq Releases Free Credit Card Acceptance Product to Help Businesses Through COVID-19 Pandemic

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Wednesday it is launching its card acceptance product ahead of its original third quarter 2020 debut. The company reported the acceleration of the product’s launch is due to the COVID-19 pandemic, which was infamously… Read More

Biz2Credit’s Latest Small Business Lending Index Observes: Small Business Loan Approval Drops to Record Lows in April 2020

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

Credibly Named Approved Lender For Paycheck Protection Program

Credibly, a small and medium-sized business lending platform, announced on Friday it has been named an Approved Lender for the Paycheck Protection Program (PPP). As previously reported the U.S. Senate passed $484 billion in new pandemic relief funds to provide additional funding to the PPP… Read More

Biz2Credit Business Lending Index For March 2020 Reveals Small Business Loan Approval Rates Plummeted Due to COVID-19 Pandemic

Biz2Credit announced on Tuesday the release of its latest Business Lending Index revealed that small business approval rate plummeted in March 2020. According to the Index, The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4%… Read More

U.S. Intelligent Payments Solution For Small Business Plastiq Secures $75 Million Through Series D Funding Round Led By B Capital Group

Plastiq, a U.S.-based intelligent payments solution for small business, announced on Thursday it secured $75 million during its Series D funding round, which was led by B Capital Group. The round, which saw participation from Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier Capital Partners,… Read More

Airwallex Announces New Partnership With Xero For SMB Customers Payments

Airwallex, an Australia-based fintech company, announced on Tuesday it has formed a new partnership with small business platform Zero to help Airwallex’s small-to-medium business (SMB) customers seamlessly reconcile their domestic and international payments. As previously reported, Airwallex was founded in 2015 and is described as… Read More

European Lending Platform October Hits New Milestone: €400 Million Has Been Borrowed By SMEs to Finance 800 Projects

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

Send this to a friend