small business

What JPMorgan's latest moves reveal about online lending's future

08/11/17

The $2.6 trillion-asset bank's recent commitment to digital lending augurs the development of a two-tier market for borrowers who want fast access to cash.

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Why small businesses are more willing than ever to switch banks

05/30/17

A new survey finds that 14% of small and medium-size businesses switched banks last year and 18% are considering switching this year. Doug Brown senior vice president of FIS, explains why, and what banks should do about this.

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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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Bank Holding Companies with the Largest Small-Business Loan Balances

03/20/17

On Dec. 31, 2016. Dollars in thousands, except for average loan amount

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Small-business optimism at post-recession high: survey

03/13/17

Better access to credit, an improving revenue picture and promises of regulatory relief are bolstering the confidence of small-business owners.

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Wanted at Wells Fargo: Three new deputies to run retail bank

03/08/17

Wells Fargo community banking head Mary Mack is seeking three new deputies and shaking up regional leadership of the division she inherited after a bogus-account scandal.

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Silicon Valley Bank, Xero partner on data sharing

02/15/17

The bank and cloud accounting platform will offer services to mutual customers via API.

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A wish list for Trump's SBA

01/18/17

President Trump has nominated Linda McMahon, a co-founder of the World Wrestling Federation, to run the Small Business Administration for the next four years. If confirmed, McMahon, a Republican, will inherit an agency that has supported record loan volume lately, but that many bankers still view as too bureaucratic and inefficient. We asked bankers and small-business advocates what is working well at the SBA, what they would like to see improved, and what else the Trump administration could do to stimulate small-business growth. Here's what they had to say.

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Secured Credit, Churches, and Reorganization

04/20/15

Chapter 11's ability to empower true reorganization has received much criticism of late in light of an increasingly held assumption that most Chapter 11 cases end in a 363 sale of the debtor's assets. Around this time last year, the American Bankruptcy Institute and the University of Illinois College of Law co-hosted a symposium dedicated to discussing secured creditors’ rights and role in modern Chapter 11.

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Coming to Law -- Churches in Bankruptcy Edition

02/14/15

Credit Slips contributor Pamela Foohey has just posted her most recent work in her series of articles on churches in bankruptcy. I have been a big fan of this research project since Pamela was a fellow at the University of Illinois. She tells us not only about bankruptcy but also about the ways in which these churches look like most any small business.

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