News Topic: Small business lending

Sponsoring so-called pitch competitions helps lenders gain Community Reinvestment Act credit and gather deposits. ... Read full article

A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks. ... Read full article

Denver-based P2Binvestor plans to use the new funds to expand its bank partnership program. ... Read full article

The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour. ... Read full article

Approval rates for small-business loan applications were up at small and larger financial institutions as the labor market continued to improve. ... Read full article

First-of-its-kind legislation seeks to tame the largely unregulated world of online small-business lending. It has drawn bipartisan support from lawmakers, but so far has failed to satisfy either the industry or its critics. ... Read full article

Live Oak is the latest bank to jump into this niche lending area. But some warn they are beginning to see cracks in credit quality. ... Read full article

The bill is one of two SBA-related measures the Senate approved late Tuesday and sent to President Trump to sign into law. ... Read full article

The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B. ... Read full article

For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions. ... Read full article

Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup. ... Read full article

Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing. ... Read full article

The legislation, which still needs Senate approval, would let the head of the Small Business Administration raise the program's cap in periods of heavy demand. ... Read full article

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations. ... Read full article

Using Orchard’s data science smarts, Kabbage intends to offer new payment products to small businesses and loan portfolio insights to financial institution partners. ... Read full article

An SBA watchdog's investigation into chicken farms may ensnare other small businesses. ... Read full article

New Resource Bank and P2Bi are splitting the risk and revenue associated with asset-based loans. ... Read full article

Expanding SBA funding and providing additional Community Reinvestment Act credit could help boost female entrepreneurs. ... Read full article