Tagged: small business

December 18, 2019 @ 7:46 am By Samantha Hurst  |  

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

August 8, 2019 @ 10:54 pm By Samantha Hurst  |  

Clearwell Capital, a UK-based company that provides funding to small and medium-sized property developers and housebuilders, is now seeking £375,000 through its equity crowdfunding campaign on Seedrs. Founded in 2010, Clearwell Capital states it is funded by banks, high net worth individuals and P2P lending… Read More

August 7, 2019 @ 2:18 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Tuesday it has facilitated more than $1.5 billion in financing to small businesses across the U.S. This news comes just a few weeks after Lendio acquired of cloud-based small business account platform, Billy, and the launch of Lendio’s… Read More

August 6, 2019 @ 8:11 am By Samantha Hurst  |  

Mastercard announced on Monday it is offering Salesforce essentials to its small business program. According to Mastercard, the benefits, which are now available across both Mastercard Business and Mastercard Business World Elite offerings in the U.S., will help small business owners “booster their daily hustle.”… Read More

July 24, 2019 @ 3:51 pm By Samantha Hurst  |  

U.S.-based online lending platform Lendio announced on Wednesday the acquisition of Billy and the launch of its bookkeeping software for small businesses, Sunrise, which is a freemium bookkeeping software to meld accounting, cash flow management, loan, and credit information into a single platform. According to Lendio, Sunrise… Read More

July 2, 2019 @ 10:11 am By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

June 9, 2019 @ 10:27 pm By Samantha Hurst  |  

Kabbage announced on Friday it has teamed up with the Building Trades Employers’ Association (BTEA), to provide access to fast and flexible small business funding for BTEA members through its global financial service platform. According to Kabbage, the collaboration will support women and minority-owned business… Read More

April 24, 2019 @ 4:48 pm By JD Alois  |  

Small businesses create the majority of jobs in the US – just like many other developed economies. With jobs comes wealth and prosperity. If this job creation engine shuts down, as we have seen in the last recession, its a disaster. According to the US… Read More

April 20, 2019 @ 9:00 am By Samantha Hurst  |  

Visa (NYSE: V) announced on Thursday it has joined forces with financial platform Wave to create a new, limited release payments solution that aims to transform the way small businesses manage their cash flow and provide merchants quicker access to funds. According to the duo, Wave’s… Read More

January 17, 2019 @ 9:12 pm By Samantha Hurst  |  

Capify, a UK-based alternative small business financing provider, announced on Thursday it received a £75 million credit facility from Goldman Sachs Private Capital to support its future growth plans and provide working capital to thousands of Australian and British small businesses. Launched in 2008, Capify describes itself… Read More

January 15, 2019 @ 9:51 am By Samantha Hurst  |  

Visa announced on Tuesday the launch of its new global initiative, She’s Next, Empowered by Visa, to champion women-owned small businesses everywhere. Through the initiative, women small business owners are able to build, sustain, and advance their businesses. According to Visa, She’s Next, will be supported… Read More

June 12, 2018 @ 11:06 pm By Samantha Hurst  |  

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Tuesday it has formed a partnership with Treasury Prime, a Y Combinator-backed startup, to create the Tailored Checking Account, a checking account designed for business owners. According to Radius, Tailored Checking Account… Read More

March 19, 2018 @ 11:44 am By Samantha Hurst  |  

Fundbox, a cash flow optimization tool platform for small businesses, announced last week it has launched a new payment and credit solution for small businesses serving other businesses called Fundbox Pay. The platform reported that it purposefully designed Fundbox Pay to help make business transactions… Read More

January 11, 2018 @ 7:22 am By Samantha Hurst  |  

Nav, a small business marketplace lending platform, announced this week it has facilitated more than 20,000 small business credit approvals in 2017. Founded in 2012, Nav described itself as an early-stage fintech company that uses data to help business owners get more funding, lower their costs,… Read More

January 9, 2018 @ 9:14 am By Samantha Hurst  |  

Equity crowdfunding platform Crowdcube announced on Tuesday it has formed a partnership with Small Business UK to launch Small Business Grants, which is described as a free-to-enter initiative that offers £5,000 every month to a leading small business. The funding portal noted that the grant does not… Read More

July 12, 2016 @ 4:43 pm By Erin Hobey  |  

Small businesses play a large part in the city.  Today marked the launch of For New York, a new online magazine from online lender Bond Street to spotlight the importance of these small businesses by interviewing their founders and owners.  Founded in New York City in 2014, Bond Street has… Read More

January 12, 2016 @ 2:54 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit revealed that according to its December 2015 small business lending index, approval rates at institutional lenders and big banks improved to a new post-recession highs. The small business financial technology platform revealed as the U.S. economy has steadily improved, big banks and institutional… Read More

December 8, 2015 @ 12:15 am By Midori Yoshimura  |  

Reversing a six-year downward trend, activity in established small businesses increased last year, according to a press release for the 2015 Kauffman Index: Main Street Entrepreneurship, a new report that tracks small business activity and ownership in the United States. Though the number of established small… Read More

November 23, 2015 @ 2:40 pm By Samantha Hurst  |  

Fundera, an online marketplace for small business loans, announced on Monday the release of its new report on the State of Online Small Business Lending. The platform believes that this new document shows its dedication to transparency in the alternative lending sector. The report was… Read More

November 13, 2015 @ 11:36 am By Samantha Hurst  |  

Biz2Credit, an online platform for small business funding, released its October small business lending index that showed the highest spike in big bank lending since the Great Recession. The company shared the monthly analysis of 1,000 loan applications revealed continued growth for institutional lenders and big banks,… Read More