Tagged: small businesses

Biz2Credit’s Latest Small Business Lending Index Reports: Big Bank Loan Approvals Rates Improves Following Setback Month

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

PayPal Launches New Small Business Tool “Business in a Box”

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

Biz2Credit Names New York City The 2017 Best Small Business City in America

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

Lendio Releases Annual List of Top 10 Best States for Small Business Lending

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

Fifth Third Bank Expands Partnership With Accion U.S. Network to Fuel Small Business Growth in Florida, Indiana, Illinois, Michigan, & Ohio

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

Biz2Credit March 2017 Report: Small Biz Lending Approval Improve at Institutional Investors & Small Banks But Stalls at Big Banks

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

Wefunder To Host 12-City Tour For Live, In-Person Funding Events for Small Businesses

Crowdfunding platform Wefunder announced on Thursday it is set to host a 12-city tour of live, in-person funding events for small businesses. The funding portal noted that the events are much like demo days that are hosted by accelerators. According to Wefunder, the 12-city events’… Read More

Latest Biz2Credit Small Business Lending Index February 2017 Reports: Small Biz Lending Approval Rates Surge at Big Banks, Institutional Investors

On Wednesday, Biz2Credit announced its latest small business lending index revealed that loan approval rates at big banks ($10 billion+ in assets) improved to new post-recession highs in February 2017. The index also reported small banks and institutional investors also experienced an uptick in their loan approval… Read More

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