News Topic: Small business lending

Visa, Mastercard and PayPal are each putting up $10 million to back the cryptocurrency; company “gearing up” to reboot its flagging small business lending unit. ... Read full article

The online lending marketplace will use the equity financing from WestBridge Capital to diversify the digital products its offers banks trying to compete for small-business borrowers, its CEO says. ... Read full article

While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation. ... Read full article

The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important. ... Read full article

In a state where laws are unusually favorable to high-cost business lenders, taxi drivers are not the only small-business people getting trapped in loans they can't afford to pay back. The question is, what are policymakers going to do about it? ... Read full article

Biz2Credit is offering its Biz2X platform to all banks after gaining HSBC and Popular Bank as clients. ... Read full article

First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal. ... Read full article

Farmers were already taking on more debt to cover losses from falling crop prices. New tariffs and other retaliatory moves could hurt ag borrowers further and lead to loan losses and tighter underwriting. ... Read full article

Azlo will offer customers the ability to apply for a Kabbage loan through a new program called Mission Street Capital. ... Read full article

The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills. ... Read full article

The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line. ... Read full article

Lenders say they are seeing a rise in synthetic identity and other types of attempted fraud. Here’s what they are doing to thwart it. ... Read full article

Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall. ... Read full article

The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns. ... Read full article

The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened. ... Read full article

The good times continue to roll for two New York City marshals whose work collecting debts for predatory lenders is making them millionaires. ... Read full article

Chantel Chase knows the value of efficiency, and her many ventures at Zions Bancorp. have depended on it. ... Read full article

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more. ... Read full article