Balboa Capital, a division of Ameris Bank that specializes in equipment financing and small business loans, announced the results from its survey that asked small business owners about their Small Business Administration (SBA) loan borrowing...
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January 20, 2023, 07:10 AM
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The National Bank of Coxsackie launched its new Small Business lending platform, NBC Express. Now, small businesses can apply for installment loans via this platform and the entire process, from application to funding, is completed in a digital...
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May 09, 2022, 06:59 AM
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Kapitus, a provider of small business financing, announced the closing of a $200 million asset-backed securitization (ABS). This new financing positions Kapitus for continued growth following a banner year in 2021, which saw the company’s highest...
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February 10, 2022, 07:20 AM
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United Capital Source Inc. announced it has surpassed $1 billion in transaction volume. It has matched more than 1 billion dollars to businesses across the United States since inception in 2011.Because of its efficient sales, marketing and management...
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June 11, 2021, 07:21 AM
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In 2007, the first online loans from OnDeck to small businesses in the United States created a new type of commercial lender, one that believed the Internet could revolutionize how small business owners access capital. Today, OnDeck celebrates a...
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September 01, 2017, 07:17 AM
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RapidAdvance announced a new partnership with iPayment, Inc. Under terms of the agreement, iPayment will offer RapidAdvance's business lending solutions and alternative financing programs to its more than 140,000 merchant customers."We are excited...
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June 14, 2017, 07:10 AM
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PayNet and Mirador announce an advanced integration of technology services for a mutual bank customer. This enhancement provides access to new predictive data and risk management tools that improve credit decisions and operational efficiencies in the...
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June 13, 2017, 07:09 AM
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FICO has launched FICO® Origination Manager Essentials to help smaller financial institutions make faster, smarter small business lending decisions. Delivered as a cloud service, the easy-to-use loan origination system streamlines and automates the...
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April 06, 2017, 07:11 AM
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Berkshire Bank has completed its asset purchase transaction with 44 Business Capital, LLC of Blue Bell, Pennsylvania, and Parke Bank of Sewell, New Jersey, under which Berkshire Bank has acquired the business model of 44 Business Capital and certain...
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May 02, 2016, 07:10 AM
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Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp announced that it is now participating in the California State Small Business Loan Guarantee Program (“SBLGP”), as part of the Bank’s efforts to expand the amount of...
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January 29, 2016, 07:00 AM
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Univest Bank and Trust Co. is expanding its commitment to small businesses with the creation of a lending team dedicated to supporting small businesses in Greater Philadelphia and the Lehigh Valley. With big banks taking the place of community banks...
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January 28, 2016, 07:17 AM
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Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand...
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September 16, 2015, 07:14 AM
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Wells Fargo announced that John Coad has been named national sales manager for SBA Lending. A senior sales leader with 30 years of experience in commercial lending, including SBA lending and small business leadership roles at GE Capital, Coad will...
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August 26, 2015, 07:14 AM
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Reuters reported the U.S. Small Business Administration hit the $18.75 billion cap for its main loan guarantee program on Thursday, July 23, 2015 forcing it to halt the funding of new loans with more than two months left in the fiscal year.According...
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July 27, 2015, 07:15 AM
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44 Business Capital announced the hiring of Michael Hahn of Landenberg, PA as Senior Vice President and Business Development Officer for the Philadelphia market. Hahn has most recently served as Vice President and Business Development Officer for...
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July 23, 2015, 07:02 AM
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The May data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased 8% from 140 in April 2015 to 128.5 in May 2015, as small businesses paused investing activities after...
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July 02, 2015, 07:03 AM
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Today, administrator Maria Contreras-Sweet announced that the Small Business Administration (SBA) would launch a first of its kind tool on the federal agency's website that will allow entrepreneurs looking for a small business loan to get matched...
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February 12, 2015, 07:10 AM
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Small business loan approval rates by big banks and institutional lenders reached post-recession highs in January 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com. Big...
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February 12, 2015, 07:00 AM
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