Tagged: small businesses

August 11, 2016 @ 9:20 am By Samantha Hurst  |  

On Thursday, the Centre for Economics and Business Research released its latest report that revealed small businesses loans facilitated by Funding Circle had boosted the UK economy by £2.7 billion since 2010. The report stated businesses are drawn to direct lending platforms by the speed and simplicity… Read More

August 4, 2016 @ 3:58 pm By Samantha Hurst  |  

On Thursday, small business lending platform Lendio announced it has officially raised $250 million in funding for over 10,000 small businesses. The company also unveiled second quarter results, which reportedly showed the website facilitated over $55 million in funding to small businesses during the time period, which… Read More

July 25, 2016 @ 1:15 pm By Samantha Hurst  |  

Last Thursday, Louisville-based venture capital firm, Access Ventures, announced the launch of Kiva Columbus, a new program that is dedicated to Columbus, Ohio’s small businesses. The company reported Louisville itself has received its second Kiva Fellow since its launch in November 2014. The city is… Read More

July 12, 2016 @ 11:37 am By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, released its latest Small Business Lending Index on Tuesday, which revealed that small business loan approvals at banks continued to improve. According to the report, small business loan approval rates at big banks ($10 billion+ in assets) improved to a… Read More

June 8, 2016 @ 1:11 pm By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, released its monthly lending index that revealed loan approval rates at big banks ($10 billion+ in assets) and institutional lenders increased while small banks, alternative lenders and credit unions experienced a drop in their loan approval rates in the last… Read More

June 3, 2016 @ 10:17 am By Samantha Hurst  |  

Online resource for small business finance, Biz2Credit, announced on Friday that it is set to offer online financing to thousands of India-based small and mid-size companies that are looking for business loans. The company noted it will facilitate loans and finance from $5,000 to $5 million in… Read More

May 24, 2016 @ 9:04 am By Samantha Hurst  |  

On Tuesday, Online lender to SMEs, OnDeck (NYSE:ONDK) announced it was expanding lending Canada’s small businesses by including a line of credit up to CAD$50,000 and loan term up to CAD$250,000 to help meet the growing needs of the country’s 1.1 million small businesses. In… Read More

May 17, 2016 @ 1:22 pm By Erin Hobey  |  

Bizfi, a FinTech platform that combines aggregation, funding and a marketplace for small businesses, announced its origination of more than $144M in financing to 3,605 small businesses in the first quarter of 2016, claiming a record in originations for any one quarter,  a 49 percent year-over-year increase over… Read More

April 19, 2016 @ 9:55 am By Samantha Hurst  |  

On Monday, online resource for small business finance, Biz2Credit announced it conducted a survey that included more than 1,500 small business owners. The report stated nearly eight out of ten minority entrepreneurs are confidence that their businesses will grow in the next twelve month while… Read More

April 11, 2016 @ 11:50 am By Samantha Hurst  |  

Biz2Credit, a small business financial technology platform, announced on Monday that it has partnered with financing portal, Tata Capital, to help give India’s small businesses access to online financing. According to Biz2Credit, Tata Capital will be utilizing the acquisition channels on its small business lending marketplace in India, thereby… Read More

April 11, 2016 @ 11:25 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), an online lending platform for small business, and Minor League Baseball, announced on Monday that they are renewed their partnership to help small business owners. OnDeck will reportedly serve as an “Official Partner of Minor League Baseball” and the “Proud Partner” of 15 minor league… Read More

April 7, 2016 @ 3:50 pm By Samantha Hurst  |  

CAN Capital, a market share leader in alternative small business finance, announced on Thursday that it has reached the milestone of providing small businesses with access to more than $6 billion.  CAN Capital revealed that it has helped facilitate over 170,000 small business. In the past five… Read More

April 7, 2016 @ 10:19 am By Samantha Hurst  |  

BlueVine, an online provider of working capital financing to small businesses, announced on Thursday it was now offering “flex credit” for companies to obtain a revolving business line of credit. According to BlueVine, flex credit offers companies a business line of credit between $5,000 and $30,000 with simple, transparent… Read More

March 21, 2016 @ 10:51 am By Samantha Hurst  |  

Direct lender, Credibly, announced on Monday that it has unveiled its first extended-term business expansion loan offering. The product reportedly features rates ranging from 9.99% to 36%, terms of 18 and 24 months, with multiple payment options. While sharing details about the offering, Glenn Goldman, CEO of Credibly,… Read More

March 17, 2016 @ 12:42 pm By Samantha Hurst  |  

Western Independent Bankers (WIB), a trade association 600 community and regional banks, announced on Thursday it has formed a new partnership with Bizfi, a Fintech company with a platform that combines aggregation, funding and a participation marketplace for small businesses. According to WIB, the partnership will provide its members access to Bizfi’s platform,… Read More

March 15, 2016 @ 8:59 am By Samantha Hurst  |  

With tax time upon us and the corporate filing deadline (March 15) looming, Dealstruck, Inc., a leading small business online lender, announced its recent survey of more than 500 business owners nationwide indicated that instead of taking a trip to Vegas, company owners are taking… Read More

March 15, 2016 @ 8:00 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a platform for small business loans, announced on Tuesday the appointment of Frank Orofino to lead its Accountant Advisor Program. In the new role, Orofino will oversee a team of OnDeck relationship managers who work directly with CPAs and the accounting community to… Read More

December 30, 2015 @ 10:03 am By Samantha Hurst  |  

With crowdfunding continuing to gain more popularity by the day, co-founder and chief development officer of Indiegogo, Danae Ringelmann reveals to Foundr Magazine what inspired her to create the platform and how it has helped the funding method become what it is today. During her… Read More

December 29, 2015 @ 2:38 pm By Samantha Hurst  |  

Lending Club (NYSE: LC), the largest marketplace lending platform in the U.S., recently released a new infographic that shares details about small business financing. The platform revealed that out of 28 million U.S. small businesses 44% of owners want financing but can’t get the right… Read More

December 7, 2015 @ 2:57 pm By Samantha Hurst  |  

CAN Capital, Inc., a market share leader in alternative small business finance, and iPayment, Inc., a provider of payment solutions and processing services, announced on Monday a partnership to provide over 150,000 small businesses currently working with iPayment the ability to apply for access to flexible… Read More