News Topic: Small business lending

The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces. ... Read full article

Banks are partnering with tech companies to win back some of the small-business customers that the industry lost to fintechs. ... Read full article

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms. ... Read full article

After recording a $35.9 million quarterly loss, the online small-business lender said that it plans to reduce its annual expenses by $20 million, cut 11% of its staff and more than double its loan-loss provision from a year earlier. ... Read full article

Seacoast Commerce Banc Holdings in San Diego will keep more of its small-business loans on its balance sheet in response to rapidly changing economic and political conditions. ... Read full article

Bond Street targets small businesses that might be able to qualify for a bank loan but are looking for a faster and easier approval process. ... Read full article

Financial firms are going on offense in Washington, pressing a policy agenda that would have been unimaginable just a few months ago. Some proposals, like reforming the Consumer Financial Protection Bureau, have been floated before while others began to ... Read full article

The Toronto company will add as many as 75 small-business bankers in several of its key U.S. markets. ... Read full article

One of the root problems of investing disparities is lack of diversity among those who make investment decisions. Here’s how to change the dynamic. ... Read full article

Chicago-based Akouba will offer its origination and underwriting platform to ABA-member banks, which will receive preferred pricing. ... Read full article

James Hobson is resigning to become the CEO of Attune, a new company in the commercial insurance sector. ... Read full article

The Louisiana company will enter several markets around Dallas with the $21 million deal ... Read full article

With loans of $100,000 or less, the typical bank breaks even or loses money. But one Florida community bank is betting faster turnaround times on small-business loans can help the bottom line. ... Read full article

Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks. ... Read full article

If offering a national regulation option to fintech players is the carrot, compliance with commonsense borrower protections could be the stick in promoting responsible financial innovation. ... Read full article