Small business lending

Killing CDFIs would make bad situation worse for small business

04/21/17

A Trump administration budget proposal to end federal funding for community development financial institutions would push small businesses to high-risk, high-cost lenders.

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Bridging a finance gap for community banks, small businesses

04/21/17

Working primarily with community banks, Promontory Local Credit will provide second-lien loans to small firms, potentially increasing their available credit by 50%.

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Lenders' favorite SBA success stories

04/19/17

With National Small Business Week set to kick off April 30, American Banker asked several community bankers to share stories of high-impact loans that made a difference in their communities and in their own enthusiasm for the work they do.

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NSA hacks into SWIFT; Wells board faces the voters

04/17/17

Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting.

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SBA’s McMahon: We're well funded, but don't want to tap out

04/07/17

Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place.

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The real-world impact of Dodd-Frank, stress tests and other regs

04/04/17

In his annual letter to shareholders, M&T Bank chief Robert Wilmers laid out in compelling detail how government policies intended to protect American families have ultimately stymied economic growth.

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Key SBA program in danger of hitting legislative cap

03/30/17

Without congressional help, the 7(a) program could be forced to shut down for the second time in three years.

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How banks use investment funds to spread CRA risk

03/27/17

Community banks, big commercial banks and Wall Street investment houses are finding common ground in small-business loan funds that help Main Street, minimize potential losses on credit extended to young companies and sometimes lead to new business prospects.

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Can small-dollar business loans make a comeback?

03/24/17

Ann Marie Mehlum, who has joined a lending platform called SmartBiz Loans after stints as a community banker and an SBA official, says the combination of fintech and old-fashioned banking could bring back small-business loans under $100,000.

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Competing with fintech on business loans isn’t rocket science

03/23/17

None of the initial steps banks can take to modernize business lending are cutting-edge innovation ideas, but they can still improve the borrowing experience, giving businesses fewer reasons to look elsewhere.

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