Small business lending

Will competition for C&I loans lead to looser underwriting?

02/09/21

Banks and nonbanks are expected to vie for more commercial business this year, and nonbanks already have signaled a willingness to ease lending standards in order to win business.

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Biggest U.S. banks keep lending less and less of their money

02/08/21

The biggest U.S. banks reduced the portion of their collective balance sheets they’re dedicating to loans to a new low, extending a trend that’s seen the largest lenders put less and less of their firepower behind everyday borrowers.

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Small businesses give fintechs low marks for PPP lending

02/03/21

Only 18% of businesses that received a Paycheck Protection Program or other loan from an online lender were satisfied with customer service, while 42% said they were dissatisfied. Banks, credit unions and CDFIs fared better in the Federal Reserve survey.

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OP Bancorp to acquire SBA loan portfolio

02/03/21

The Los Angeles company agreed to buy $105 million of loans and a servicing portfolio that covers another $295 million in originations.

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Credit unions play waiting game with commercial lending

02/03/21

Any business loan growth the industry sees this year will be closely tied to mass vaccination efforts and a broader economic recovery, meaning it may take until at least the third quarter for pent-up demand to translate into new opportunities.

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PPP loans reach $72.7 billion in new round with big lenders

02/02/21

The number of Paycheck Protection Program loans to U.S. small businesses more than doubled in the third week of the latest round of pandemic relief aid, as Bank of America and JPMorgan Chase each processed more than $1 billion in funding.

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Fast-tracked PPP forgiveness provided unexpected earnings lift

02/02/21

Long hours by bankers and the streamlined resolution of Paycheck Protection Program loans helped lenders collect more fees than anticipated in the fourth quarter. It was a rare bright spot at a time when revenue is being pinched.

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TD Bank consolidates business lending

02/01/21

The U.S. unit of Toronto-Dominion Bank merged its corporate and specialty team with its commercial banking group, putting the fast-growing operations under the same leadership.

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Rural U.S. states get larger share of PPP loans in latest round

01/29/21

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.

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Lenders rush to get PPP loans to Black-owned businesses

01/15/21

Businesses owned by minorities and women got a head start this week in a new round of $284 billion funding, and early anecdotal evidence suggests stronger demand coming from these businesses.

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