Tagged: small businesses

January 5, 2017 @ 9:30 am By Samantha Hurst  |  

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

December 22, 2016 @ 9:04 am By Samantha Hurst  |  

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

December 16, 2016 @ 4:53 pm By Samantha Hurst  |  

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

December 16, 2016 @ 9:22 am By Samantha Hurst  |  

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

December 15, 2016 @ 2:54 pm By Samantha Hurst  |  

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

December 13, 2016 @ 12:14 pm By Samantha Hurst  |  

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

December 9, 2016 @ 12:59 pm By Samantha Hurst  |  

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

December 8, 2016 @ 2:54 pm By Samantha Hurst  |  

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

December 6, 2016 @ 3:04 pm By Jessica Pham  |  

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

November 4, 2016 @ 9:47 am By Samantha Hurst  |  

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

October 24, 2016 @ 1:16 pm By Samantha Hurst  |  

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

October 11, 2016 @ 11:43 am By Samantha Hurst  |  

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

October 6, 2016 @ 11:24 am By Samantha Hurst  |  

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

October 4, 2016 @ 8:22 am By Samantha Hurst  |  

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

September 27, 2016 @ 1:50 pm By Samantha Hurst  |  

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

September 22, 2016 @ 12:02 pm By Samantha Hurst  |  

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

September 12, 2016 @ 11:35 am By Samantha Hurst  |  

Moody’s Analytics, a subsidiary of Moody’s Corporation (NYSE:MCO), announced on Monday the launch of its new MARQ Portal. This tool automates the exchange of financial information between borrowers and lenders. It also generates the MARQ small business credit score. Moody’s Analytics revealed that small Business… Read More

August 23, 2016 @ 11:48 am By Samantha Hurst  |  

Online lender to SMEs, OnDeck (NYSE: ONDK) announced on Tuesday the launch of its initiative that’s dedicated to helping small business owners with time management. According to the lender, this initiative is considered the first of its kind and is in response to its latest… Read More

August 16, 2016 @ 1:21 pm By Samantha Hurst  |  

Lendified Holdings, Inc. (Lendified), a Canadian-based lending technology company, announced on Tuesday it received a $20 million credit facility from Liquid Capital Corporation to support the growth of its Canadian small business lending activities.  The online lender, which launched in early 2015, currently provides small businesses… Read More

August 16, 2016 @ 9:39 am By Samantha Hurst  |  

Premiere fintech company, Bizfi, announced on Tuesday an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016, which totals more than $144 million, compared to $116 million in 2015’s second quarter. Bizfi also reportedly reached its $1.8 billion lending mark to more… Read More