small business

Senate clash over SBA unit's powers puts agency's budget in doubt

08/02/19

A fight between Democrats and Republicans over a proposal to let the SBA’s Office of Advocacy challenge rulings made by other government agencies is threatening to hold up funding for small-business loan guarantees.

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CECL: A solution in search of a problem

07/29/19

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

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Online bank's hub strategy borrows from across the pond

07/10/19

Radius Bank in Boston is adding insurers, personal loan providers and wealth management to its platform, copying a playbook popularized in Europe.

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Bank vendors hungry for small-business analytics

07/08/19

Jack Henry's acquisition of Geezeo and NCR's purchase of D3 Technology are fueling predictions that more small-business data firms will be takeover targets for legacy techs trying to court small bank and credit union customers.

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Lowdermilk on Family Farmers in Financial Trouble - new paper!

06/28/19

Jamey Mavis Lowdermilk has just posted an article of interest to Credit Slips readers -- lawyers, judges, journalists, policymakers, and more. The article uses a case study of a chapter 12 family farm bankruptcy in North Carolina to ask bigger questions about farming finances and how public policy on farming is set. Extending the early work of now-Representative Katie Porter, Lowdermilk brings her own perspective and expertise to this topic.

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Kabbage inks deal with online banking platform Azlo

05/16/19

Azlo will offer customers the ability to apply for a Kabbage loan through a new program called Mission Street Capital.

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A busy month for fintech funding

05/01/19

Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services.

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Small core providers see de novos as a ‘land grab’ opportunity

04/18/19

Alternative providers like courting new banks. De novos like the modern features many alternative providers offer upfront.

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Fifth Third ramps up small-business lending in Chicago

04/05/19

The bank is pledging to lend another $2 billion in a market where it has invested $3.6 billion in various community development initiatives since 2016. Most of the new funds will be used to make loans to small businesses that operate in low- and moderate-income neighborhoods.

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SBA's rationale for raising fees: More loans will go bad

04/03/19

Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.

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