Professor Ted Janger of Brooklyn Law School sent me a proposal for a small change to the Bankruptcy Code that might significantly help small businesses affected by the COVID-19 pandemic. His idea merits consideration. In Ted’s words:
The online lender's latest product shows business owners their cash flow over the past 90 days and how it is likely to change. The idea is to help borrowers save time.
The acquisition of the Texas-based lender will help Regions expand its offerings to small businesses while adding about $2 billion of loans to the bank's balance sheet.
A new app will allow small-business clients to quickly apply for credit while expanded offerings for homeowners associations will help CIT build up its base of low-cost deposits.
The startup — whose backers include CitiVentures, SVB Capital and Microsoft's venture fund — says it's building an end-to-end platform for small businesses that integrates loans, checking, payments and other services.
