Small business lending

Storm clouds gathering over leader of SBA investment program

10/02/19

The agency’s Small Business Investment Company program is slumping, and Congress is pressuring its top executive, Joseph Shepard, to get it back on track or step aside.

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Lifetime achievement: LeeAnne Linderman's nonstop advocacy for women in banking

10/01/19

Linderman helped build Zions Bank into a retail force and shaped the multistate retail strategy of its parent company, but she will best be remembered for opening countless doors for women and minorities.

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Senates vote gives the SBA's 7(a) program a last-minute reprieve

09/27/19

Caught in the middle of a credit-subsidy debate, the program would have shut down on Tuesday without congressional action.

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Fintech Fundbox raises $176 million to lend to business using AI

09/24/19

The San Francisco startup plans to use the fresh funding to hire employees in its engineering team and to expand the number of platforms it works with.

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Fintech's small-business lending plan will rely on banks, credit unions

09/22/19

StreetShares, started as a peer-to-peer service for veterans, has added a platform intended to connect small financial institutions and underbanked companies.

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SBA lenders fear another 7(a) shutdown, press Congress to act

09/17/19

The popular program could go idle next month for the second time in less than a year if lawmakers are unable to approve a $99 million credit subsidy.

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Kabbage will buy small-business data provider

09/03/19

The acquisition of Radius Intelligence fits with the online lender's existing focus on small commercial borrowers.

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Praise and scorn for California's new business loan disclosure plan

08/18/19

Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.

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Racial divide exposed in lending to the smallest of small businesses

08/14/19

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

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What business does a crowdfunding fintech have with banks?

08/06/19

Krista Morgan, the founder and CEO of P2Binvestor, discusses her firm's bank deals and the tech driving its platform.

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