Tagged: small business

September 22, 2020 @ 11:49 pm By Omar Faridi  |  

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

September 22, 2020 @ 8:03 am By Omar Faridi  |  

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

August 17, 2020 @ 11:41 am By Samantha Hurst  |  

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

June 17, 2020 @ 3:11 pm By Samantha Hurst  |  

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

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 13, 2020 @ 4:02 pm By Samantha Hurst  |  

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

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 26, 2020 @ 10:40 pm By Samantha Hurst  |  

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

April 7, 2020 @ 11:31 am By Samantha Hurst  |  

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

March 26, 2020 @ 10:03 pm By Samantha Hurst  |  

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

March 11, 2020 @ 10:51 am By Samantha Hurst  |  

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

March 3, 2020 @ 1:30 pm By Samantha Hurst  |  

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

February 18, 2020 @ 10:25 pm By Samantha Hurst  |  

Global financial service platform Kabbage announced on Tuesday its latest data, which polled more than 600 U.S. small business owners, revealed the majority of small businesses believe their revenue growth underperforms their peers. Specifically, 60% of respondents ranked their revenue growth below the 50th percentile… 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

February 2, 2020 @ 9:58 pm By Samantha Hurst  |  

SMBX, a marketplace for buying and selling small-business bonds, announced on Friday it has teamed up with Degrees Plato, a U.S.-based owned-and-operated taproom, bottleshop, and Mexican kitchen, to launch the Degrees Plato’s (PLTO) Small Business Bond offering. According to SMBX, the offering enables investor to… Read More

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