News Topic: Small business lending

Linderman helped build Zions Bank into a retail force and shaped the multistate retail strategy of its parent company, but she will best be remembered for opening countless doors for women and minorities. ... Read full article

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action. ... Read full article

The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with. ... Read full article

StreetShares, started as a peer-to-peer service for veterans, has added a platform intended to connect small financial institutions and underbanked companies. ... Read full article

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy. ... Read full article

The acquisition of Radius Intelligence fits with the online lender's existing focus on small commercial borrowers. ... Read full article

Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model. ... Read full article

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New ... Read full article

Krista Morgan, the founder and CEO of P2Binvestor, discusses her firm's bank deals and the tech driving its platform. ... Read full article

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership. ... Read full article

The decision is a blow to OnDeck, which said Monday that it intends to pursue a bank charter, either by applying for one or by buying a bank. ... Read full article

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks. ... Read full article

Policymakers should consider how new data computing can help ensure equal lending, not hinder it. ... Read full article

On Mar. 31, 2019. Dollars in thousands. ... Read full article

As budget questions loom over the most popular Small Business Administration loans, lenders have embraced the previously overshadowed 504 program after a key policy tweak. ... Read full article

Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers. ... Read full article

Shares in the U.K.-based small-business lender fell 29% Tuesday after it sought to recalibrate expectations about its growth trajectory. So far, the company has pulled back lending more in the U.S. than in its other markets. ... Read full article

Breaking from its playbook as a conservative lender, Provident Financial in New Jersey is working with a fintech to offer unsecured loans online. ... Read full article