October 18, 2017 @ 3:39 pm By Samantha Hurst  |  

San Francisco-based Seed announced on Wednesday the launch of its new full-service digital bank alternative that is designed specifically for small businesses. While sharing details about the services, Brian Merritt, Co-Founder and CEO of Seed, stated: “Traditional banks have struggled to take care of their small… Read More

October 12, 2017 @ 2:04 pm By Samantha Hurst  |  

American Express (AMEX) announced on Thursday the launch of a new addition to its suite of business financing products, which are designed to help businesses with access to working capital and short-term financing, Business Loans. According to the financial service giant, Business Loans now gives small businesses… Read More

October 11, 2017 @ 8:36 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that Business loan approval rates at big banks ($10 billion-plus in assets) hit another post-recession high in September 2017. According to the report, Small business loan approval rates at big banks improved two-tenths of… Read More

August 17, 2017 @ 9:14 am By Samantha Hurst  |  

On Thursday, online lender Funding Circle announced it has formed a strategic partnership with Dutch financial services group, Aegon, to support the growth of UK small businesses. According to Funding Circle, Aegon is set to invest in loans to UK small businesses through its lending… Read More

August 9, 2017 @ 2:09 pm By Samantha Hurst  |  

On Wednesday, technology-enabled small business lender and community development financial institution, Lendistry, announced it received a $3 million commitment from Community Bank. The companies have now teamed up to launch the Lendistry CRA Loan Fund I, which is a commercial small business (C&A) and commercial… Read More

August 8, 2017 @ 1:44 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit announced the release of its latest monthly analysis, which revealed that loan approval rates at big banks ($10 billion-plus in assets) increased to a new post-recession high in July 2017 and the loan approval percentages of institutional investors also set a new… Read More

August 8, 2017 @ 12:28 pm By Samantha Hurst  |  

Financing military veteran-owned small businesses lender StreetShares announced appointed former Capital One Senior Vice President of Small Business, Heather Tuason, as its new Chief Product Officer. According to StreetShares, in her role as Chief Product Officer, Tuason will accelerate the growth of StreetShares lending and investment products… Read More

July 27, 2017 @ 11:49 am By Samantha Hurst  |  

Fundera announced on Tuesday the release of its new survey on the state of small business lending. The report asked small business owners about their experience with credit, lending, and financial resources. According to Fundera, the survey revealed that business owners do not know enough… Read More

July 24, 2017 @ 11:17 am By Samantha Hurst  |  

Earlier this month, leading peer-to-peer lender Lending Club announced it has expanded its partnership with Opportunity Fund to provide underserved small businesses with access to loans they need in order to grow. Lending Club revealed: “Access to credit has long been a challenge for small businesses,… Read More

July 11, 2017 @ 11:05 am By Samantha Hurst  |  

On Tuesday, Biz2Credit announced its latest Small Business Lending Index revealed that loan approval rates at big banks, $10 billion-plus in assets, increased to post-recession highs in June 2017 while small banks, alternative lenders, and credit unions experienced a decline in the percent of funding… Read More

June 29, 2017 @ 12:45 pm By Samantha Hurst  |  

P2P lender Assetz Capital announced on Thursday it not only turned a seven-figure pre-tax profit in the 2016/17 financial year, it has also reached its 20,000 investor milestone. The online lending platform confirmed: “From April 2016 to March 2017, a total of £126 million was… Read More

June 13, 2017 @ 3:59 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest Small Business Lending Index that revealed loan approval rates at big banks, small banks, alternative lenders, and credit unions took a slight dip in May 2017. According to the lending platform, small business loan approval rates at big banks… Read More

June 13, 2017 @ 12:05 pm By Samantha Hurst  |  

Marketplace lending platform for small businesses, Lendio, announced on Tuesday it has signed a pilot agreement with Comcast Business. This new agreement is reportedly designed to provide Lendio’s small business customers with quick and easy access to capital. Lendio explained that the collaboration would also… Read More

June 13, 2017 @ 11:08 am By Samantha Hurst  |  

Fundbox, a cash flow optimization tool platform for small businesses, announced on Tuesday the launch of its new product, Direct Draw. According to the company, the Direct Draw product allows small businesses to easily apply for credit with just a business bank account, without requiring their… Read More

May 9, 2017 @ 2:17 pm By Samantha Hurst  |  

On Tuesday, Biz2Credit released its latest small business lending index which revealed loan approval rates at big banks ($10 billion-plus in assets) rebounded in April 2017 after a setback month. The company reported that small business loan approval rates at big banks increased by two-tenths of… Read More

May 3, 2017 @ 10:24 am By Samantha Hurst  |  

PayPal announced on Monday the launch of its new small business toolkit, Business in a Box. This news comes just after the payment giant revealed its PayPal Working Capital helped over 115,000 businesses around the world access more than $3 billion in loans and cash… Read More

May 2, 2017 @ 12:05 pm By Samantha Hurst  |  

Biz2Credit announced on Tuesday it named New York City the 2017 Best Small Business City in America. According to the company, this vote was based on a weighted average that includes annual revenue, credit score, age of business (in months), and a BizAnalyzer score that factors in cash… Read More

May 1, 2017 @ 1:40 pm By Samantha Hurst  |  

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

April 14, 2017 @ 9:19 am By Samantha Hurst  |  

Fifth Third Bank announced on Thursday an investment and expanded partnership with nonprofit small business lender network, Accion U.S. Network, to support lending to underserved small businesses in Florida, Indiana, Illinois, Michigan, and Ohio. The bank revealed that the partnership highlights its focus on championing… Read More

April 11, 2017 @ 11:04 am By Samantha Hurst  |  

Biz2Credit announced on Tuesday that its latest small business lending index revealed that loan approval rates at institutional investors and small banks improved in March 2017. Big banks’ ($10 billion-plus in assets) loan approval was stagnant during the month but remained at an all-time Index… Read More