News Topic: Small business lending

The Pittsburgh bank is developing new products, simplifying old ones and modernizing its workplace based on detailed feedback from consumers, small businesses and employees in an attempt to create a bank they all like better. ... Read full article

The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses. ... Read full article

Deciding it had had enough of problem energy credits, Houston’s Green Bancorp shifted capital to Small Business Administration loans, increasingly popular among community banks because of the premiums they fetch from investors and Washington's ... Read full article

The addition of Sean Glithero as CFO is one of several new hires by the online small-business lender. ... Read full article

The online small-business lender has also announced the hiring of a new U.S. head of capital markets. ... Read full article

A headquarters move to Boston, a core system with plenty of headroom and a CEO who admires big acquirers like M&T and the old Banknorth: All the signs are there of an ambitious bank with a plan. ... Read full article

Tim Welsh will succeed Kent Stone, who is retiring. In his new role, Welsh will oversee the bank’s overall consumer and small-business strategy, as well as digital activities. ... Read full article

The New York firm, which offers high-cost credit to small businesses, has attributed its recent struggles to certain loans performing worse than had been expected. ... Read full article

JPMorgan Chase’s partnership with OnDeck Capital was expected to augur a wave of similar agreements between banks and online business lenders. But so far, most banks have avoided joining forces with companies they also view as competitors. ... Read full article

Customers were previously required to provide access to their accounting software, but now they can connect a business bank account instead. ... Read full article

The Utah company has similar arrangements with Staples, GoDaddy and LegalZoom. ... Read full article

Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan. ... Read full article

A Nebraska banking veteran put up $1 million of her own money to create a microlending program that doesn't require business owners to provide traditional collateral. ... Read full article

From digital lending solutions for U.S. community banks to Sharia-compliant finance in Africa ... Read full article

First Savings Financial in Indiana and Dime Community in New York are keen on making more SBA loans as a way to diversify revenue and generate fees through loan sales. ... Read full article

Numerated Growth Technologies has a platform that lets banks make lending decisions in as little as five minutes. The spinoff will be run by Dan O'Malley, Eastern's former chief digital officer. ... Read full article

The good news: SBA lending is going gangbusters and business owners are optimistic about growth prospects and their ability to access credit. The not-so-good news: Many firms are still not particularly interested in borrowing and startups are not the ... Read full article

Noah Breslow, who drew opposition from a hedge fund that wants the online small-business lender to pursue a new course, won 84% of the vote Tuesday. ... Read full article