Small business lending

Industry group urges reopening of SBA, citing impact of shutdown

01/22/19

The shutdown is keeping the agency from approving about 300 loans per day, according to CBA President Richard Hunt.

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Bad for business? Weighing shutdown’s impact on commercial loans

01/18/19

Credit union and bank executives say the federal work stoppage hasn’t hit business lines yet, but that could change if things drag on much longer.

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People’s United buys tech finance firm

01/18/19

The acquisition of VAR Technology Finance bolsters the bank's efforts to expand into new areas of lending.

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Alternative lenders try to fill void left by shutdown

01/11/19

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.

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Banks, credit unions help federal workers weather shutdown

01/11/19

Financial institutions of all sizes are offering low- or zero-rate loans, waiving fees and making other arrangements to aid federal workers — a practice that regulators officially blessed on Friday, the 21st day of the closing of many U.S. agencies.

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Ripple's bank creep, LendUp's new CEO, regulatory competition: Top stories of the week

01/11/19

One bank's push to use Ripple's XRP in cross-border payments; LendUp spins off credit card business, names new CEO; a worrisome resurgence of rivalry among the banking agencies; and more from this week's most-read stories.

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Banks are feeling effects of shutdown: ABA

01/11/19

The American Bankers Association has called for an end to the government shutdown, saying it has prevented customers from securing loans and threatens even more damage.

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Government shutdown grinds SBA lending to halt

01/08/19

The agency is unable to process loan applications and faces a daunting backlog once Washington returns to work.

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Banks have need for speed in small-business lending

01/07/19

Invesments in software can speed up decision-making and help traditional lenders better compete with fintechs for creditworthy customers who want their loans quickly.

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Public bank isn't the answer for California’s pot industry: Report

12/28/18

A state-backed bank would not be financially feasible because capital requirements would be too high and it likely wouldn’t return profits to the state for at least 30 years, consultants concluded.

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