Tagged: small businesses

Lendio Survey Reveals: Perception of Trump’s Presidency Split Among Small Businesses

Marketplace for small business loans, Lendio, announced on Tuesday the results of its latest survey, which showed that small business owners’ perception of Trump’s presidency three weeks in is split. According to the survey, 56% of small business owners stated they believe the economy will… Read More

OnDeck Announces Partnership With Wave to Launch “Lending By Wave” Small Business Financing Program

Online lending platform OnDeck (NYSE: ONDK) announced on Monday it formed a partnership with financial services and software for small businesses provider, Wave, to launch “Lending By Wave” small business financing program to customers in the U.S. and Canada. The duo revealed that under the… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates Improve to New Highs at Big Banks

Loan approval rates at big banks ($10 billion+ in assets) picked up where they left off in 2016, improving to post-recession highs in January 2017, according to the most recent Biz2Credit Small Business Lending Index. This monthly report analyzed over 1,000 small business loan applications on… Read More

Lendio Announces Winner of National Scholarship to Small Business Families

Marketplace lender Lendio announced on Thursday the winner of its National Scholarship to Small Business Families. As previously reported, the scholarship national is dedicated to supporting small business owners and their families.  Lendio reported that Julian Miyata, a U.S. Coast Guard member currently attending the University of… Read More

Funding Circle to Receive An Extra £40 Million From British Business Bank For Small Business Lending

Funding Circle announced on Thursday that government-owned British Business Bank would begin lending a further £40 million directly to small businesses through the marketplace lending platform. The website confirmed that this news comes less than two years after an initial £40 million investment by the British Business… Read More

Bizfi Milestone: Surpasses $2 Billion In Financing For Over 35,000 Small Businesses

On Thursday, Bizfi announced it hit a new milestone by surpassing $2 billion in financing, through both growth and working capital, to more than 35,000 small businesses across America. Launched in 2015, Bizfi’s marketplace provides small business owners with access to multiple finance options from over… Read More

Bizfi Joins Forces With LendingTree For Small Business Grant Contest

Less than a week after LendingTree launched its $50,000 small business grant contest; Bizfi announced it has teamed up with the online lender for the contest. According to Bizfi, LendingTree is one of the 45 funding partners of its marketplace for small business finance. LendingTree stated… Read More

Bank of America Officially Joins Nav’s Small Business Financing Marketplace

On Thursday, small business financing marketplace Nav announced Bank of America has officially joined its platform. The lender revealed it now has the most business financing options available in one location, streamlining access to over 100 business credit cards and business loan products. According to… Read More

Merchant Money Company Appoints Lynn Fernandez as Chief Credit Officer

Small business lender, Merchant Money Company (MMC), announced on Wednesday it appointed Lynn Fernandez as its new Chief Credit Officer. Fernandez reportedly joins MMC from VEDC, where she was Vice President of Lending for more than five years. She was responsible for leading the firm from a… Read More

Biz2Credit Reports: Small Biz Loan Approval Rates at Banks & Institutional Lenders Reach New Heights in November 2016

On Tuesday, Biz2Credit released its latest small business lending index, which reportedly revealed that loan approval rates at big banks and institutional lenders continued their recent surge and improved to new highs last month (November 2016). The monthly analysis was conducted on over 1,000 small… Read More

LendingTree Announces Small Business Grant Contest

LendingTree announced this week the launch of its new small business grant contest. The online lending platform revealed it is offering support in the form of a $50,000 grant to help one small business continue to grow. The platform stated it is looking for a small… Read More

Lendio’s Latest Survey Reveals: Small Business Retailers Positive about Holiday Season Prospects

Marketplace for small businesses Lendio announced on Thursday  the results of its latest survey showing that small business retailers also have a positive outlook about this holiday season. According to Lendio, the survey observed retailers with under 100 employees and 87% of the small businesses… Read More

Karen Mills, Harvard: Regulate, But Allow Online Lending Market Space to Innovate

Senior Fellow at Harvard Business School Karen Gordon Mills along with VP of Strategy at Fundera, Brayden McCarthy, have recently posted a working paper on SME lending. Mills is also the former Administrator of the Small Business Administration – a post she held during the Obama administration just… Read More

OnDeck Releases 2016 Third Quarter Results

On Thursday, online lender for small business OnDeck (NYSE: ONDK) released its 2016 third quarter results. The platform shared that the report revealed its Loans Under Management saw an increase of 44% year-over-year to $1.1 billion, Originations by 27% to $613 million, and gross revenue by 15%… Read More

Small Business UK Announces Winners of the British Small Business Awards 2016

Last week, the winners of the 2016 British Small Business Awards were announced. Held at London’s Grand Connaught Rooms, the event is organized by Small Business UK and celebrated the small business community in the UK and among the winners was equity crowdfunding platform Crowdcube. … Read More

Biz2Credit Small Business Lending Index: Small Business Loan Approval Rates at Big Banks & Institutional Lenders Continued to Surge in September

On Tuesday, Biz2Credit released its latest small business lending index that revealed loan approval rates at big banks and institutional lenders have improved to all-time highs in September 2016. Sharing details about the index, Rohit Arora, CEO and co-founder of Biz2Credit, stated: “The Federal Reserve… Read More

Brief: Lendio Unveils National Scholarship to Small Business Families

Lendio announced on Thursday it is launching a national scholarship program that’s dedicated to supporting small business owners and their families. According to the small business lending platform, the new scholarship will consist of two $2,500 awards, granted to winners of a video contest.  Sharing more… Read More

Santander Forms Partnership With Crowdfunder UK to Launch £200,000 Support Social Enterprises Fund

On Tuesday, crowdfunding portal Crowdfunder UK announced it has teamed up with Santander to launch a £200,000 fund, called Changemaker, that is dedicated to social enterprises and community projects across the UK. According to the funding platform, the new fund is open to social enterprises, small… Read More

OnDeck Collaborates With “Shark Tank’s” Barbara Corcoran For National Marketing Campaign

On Tuesday, OnDeck (NYSE: ONDK) announced it has teamed up with real estate entrepreneur and Shark Tank judge, Barbara Corcoran, for its new national marketing campaign.  The online lender stated that starting October, Corcoran will be featured in television and radio commercials and customer communications emphasizing OnDeck’s unique ability to… Read More

Brief: Experian Forms Partnership With Nav to Provide Transparency & Financial Access to Small Businesses

This week, Experian and Nav announced they have formed a strategic partnership to provide transparency and financial access to millions of small businesses. The companies will offer businesses owners with the personal and business credit data that lenders use to evaluate them, tools to help improve… Read More