News Topic: Small business lending

The agency's update is good news for banks digesting data suggesting that nonbanks cut into their share of small-business loans during the partial government shutdown. ... Read full article

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt. ... Read full article

The company on Monday also announced an initiative to boost economic opportunities for African-Americans that will focus on job training, career-leadership pathways and wealth building. ... Read full article

Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again. ... Read full article

Big data and artificial intelligence will allow banks to do more for small businesses, former SBA head Karen Mills argues. ... Read full article

CrediFi helps bankers pursuing commercial real estate loan growth minimize the risk in lending to customers they historically haven't served. ... Read full article

Small businesses short on cash can use advances from Fundbox to buy products from online suppliers. ... Read full article

Readers weigh in on the Consumer Financial Protection Bureau's payday rule, consider the gender wage gap in banking, debate restrictions to membership at the Federal Home Loan banks and more. ... Read full article

With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says. ... Read full article

Industry groups and lawmakers have joined bankers in insisting the agency develop a plan to resolve the paperwork problem before the partial government shutdown ends. ... Read full article

With a permanent director confirmed, the agency should take steps to establish a small-business data collection rule mandated by the Dodd-Frank Act. ... Read full article

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

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. ... Read full article

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

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

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. ... Read full article

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. ... Read full article

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. ... Read full article