Small business lending

How API partnerships could help banks win back small biz

02/24/17

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

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'It's time to move on': Comments of the week

02/17/17

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.

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OnDeck’s mounting losses prompt cuts, questions about credit model

02/16/17

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.

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New York online lender secures $300M loan commitment from Jefferies

02/15/17

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.

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Why this bank says it’s time to slow down SBA loan sales

02/15/17

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.

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TD Bank makes small-business push along East Coast

02/13/17

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

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What (else) banks want from Washington

02/13/17

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 gain traction after Republicans swept the November elections. Here's a look at some of the industry's requests.

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Small-business lending has a diversity problem

02/13/17

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.

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ABA endorses tech firm’s online lending platform

02/13/17

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

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OnDeck Capital loses its chief operating officer

02/03/17

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

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