A community group has secured a grant from the W.K. Kellogg Foundation to probe banks’ small-business lending practices. It follows a 2017 pilot study in which the group found that white shoppers posing as business owners were three times more likely to be ... Read full article
It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again. ... Read full article
The online small-business lender is enjoying a payoff from its year-old push to cut costs and tighten underwriting standards. It is also set to announce another lending agreement with a major bank this year, its CEO said Tuesday. ... Read full article
Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue. ... Read full article
Marquette Bank is proof that community banks don't have to be the fastest or flashiest to compete with online lenders. Instead, the Chicago bank closely mirrored fintech offerings while promoting personal service to set itself apart. ... Read full article
Patriot National in Connecticut planned to build a regional small-business lending operation on its own — until it had a chance to buy a national platform. ... Read full article
Patriot National in Connecticut would become the latest community bank to ramp up small-business lending with its $81 million deal to acquire Hana Financial's much larger SBA lending unit. ... Read full article
Its small, locally owned banks were as decimated after the crisis as in any big city. But community bankers say changes to the economy and their lending practices offer them a shot at challenging the big banks that dominate their market. ... Read full article
Credit standards for commercial loans to medium and large firms showed some signs of easing over the last three months of 2017, even though demand stayed relatively unchanged. ... Read full article
Seacoast Commerce is San Diego is already one of the biggest Small Business Administration lenders — half the loans on its books are tied to SBA programs. But will its underwriting hold up outside its traditional markets? ... Read full article
The tool runs the numbers and tells small-business people if they would qualify for an SBA loan, and if not, what they need to do to become eligible. ... Read full article
The cloud-based vendor was formerly a division of Live Oak Bank. ... Read full article
The online lender to small businesses is expanding its business deeper into traditional banks’ territory with larger loans. ... Read full article
The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure. ... Read full article
StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform. ... Read full article
The online lender is integrating itself with several popular software programs to provide lending as a service. It’s an open-banking road map for skeptical banks. ... Read full article
The Minneapolis bank is the first bank to join Community Reinvestment Fund's online service that matches small-business borrowers who don’t qualify for bank loans with community development financial institutions. ... Read full article
A number of banks, especially those with extra real estate on their hands, are trying to capitalize on the co-working craze to appeal to fledgling companies that could become success stories — and their customers. ... Read full article
Intrust Bank has agreed to purchase $20 million worth of Funding Circle's small-business loans in what could just be the beginning of a long-term relationship. ... Read full article
With so much uncertainty, the only thing that's clear is how different the sector may look a year from now. Here's an overview of the leading trends in technology that will impact banking in 2018. ... Read full article
