Tagged: small businesses

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

April 6, 2017 @ 9:52 am By Samantha Hurst  |  

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

March 15, 2017 @ 11:40 am By Samantha Hurst  |  

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

February 14, 2017 @ 9:05 am By Samantha Hurst  |  

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

February 13, 2017 @ 10:05 am By Samantha Hurst  |  

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

February 7, 2017 @ 10:45 am By Samantha Hurst  |  

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

January 27, 2017 @ 8:51 am By Samantha Hurst  |  

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