News Topic: small business

The more things change in small-business lending, the more they stay the same, going back as far as 3,000 years. But in this book excerpt, Karen Mills, former head of the Small Business Administration, predicts momentous changes ahead. ... Read full article

Taking a page from fintech competitors, banks have worked to enrich the small-business app experience. ... Read full article

Sunil Chandra's job will be to guide the fintech's international expansion. It says 12 banks are using its small-business lending platform, including three in the United States. ... Read full article

Two aspects of the Small Business Reorganization Act of 2019 intrigued me as I looked more closely at this important new twist on Chapter 11 for the other 99%. ... Read full article

I have filed an amicus brief  regarding "valid-when-made" in Rent-Rite Super Kegs West, Ltd. v. World Business Lenders, LLC . ... Read full article

FDIC and OCC filed an amicus brief  in the district court in an obscure small business bankruptcy case to which a bank was not even a party in order to defend the validity of a 120.86% loan that was made by a tiny community bank in Wisconsin (with its own ... Read full article

The Small Business Reorganization Act of 2019 adds a new subchapter V to chapter 11 for small businesses. The new subchapter gives small businesses the option of choosing a more streamlined -- and hence cheaper and quicker -- procedure than they would ... Read full article

NorthOne's U.S. launch joins other app providers hoping to attract entrepreneurs and freelancers with features such as real-time insights into cash flow. ... Read full article

Lawmakers and others faulted the agency's foot-dragging on approving licenses and funding requests for small-business investment companies, whose owners include banks. ... Read full article

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. ... Read full article

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

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

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. ... Read full article

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 ... Read full article

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

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

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

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 ... Read full article