Small business lending

Patriot National won't let reg order stifle its small-business plans


The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.


BofA pledges additional $50 million to Tory Burch's program for women


The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.


California bank is working with fintech firm to help business clients


Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.


From SBA chief to fintech backer


Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.


Bank Holding Companies with the Largest Business Loan Portfolios


On Sep. 30, 2018. Dollars in thousands.


SBA renews push to raise caps for Express program


The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.


Mix, mingle, mentor: Women make time for face time at Fundera


Three years ago, the New York-based fintech started organizing a monthly gathering for its female employees. The meetings have helped participants find role models.


Community activists oppose Square's ILC bid


More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.


Fintechs could make life easier for overtaxed SBA


The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.


Small-business fintech Nav raises $45 million


The Salt Lake City company, which connects small-business owners with lenders like JPMorgan and BofA, plans to use the funds to expand its partnerships and customer base.