Traditional bank lenders are applying more pressure to borrowers and now showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors...
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June 16, 2023, 07:23 AM
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QuickBridge, a privately held, alternative lender offering small business loans nationwide, released an eBook on the impact recent tariffs have had on small businesses in the U.S. QuickBridge’s “Tariffs and Small Businesses: Exploring the Real-World...
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September 26, 2019, 07:10 AM
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Small business loan approval rates for big banks reached another record high in October 2018, according to the Biz2Credit Small Business Lending Index.The October approval percentage for big banks (assets of $10 billion+) rose two-tenths of a percent...
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November 14, 2018, 07:25 AM
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The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) announced they are joining forces and will now operate as the ILPA – the leading trade organization representing a diverse group of online...
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March 06, 2017, 07:10 AM
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Patricia M. Voorhees, a director with The Alta Group, is presenting at this year’s LendIT USA 3:10 p.m. March 7 at the Javits Center in New York City to highlight new trends in equipment leasing and finance for a Fintech audience estimated to reach...
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March 06, 2017, 07:08 AM
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Total funding for U.S. fintech companies and deal activity dropped significantly in 2016, down to $12.8 billion from $27 billion in 2015, a result of political and regulatory uncertainty, a decline in megadeals and investor caution, according to...
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February 23, 2017, 07:10 AM
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Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading...
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February 21, 2017, 07:08 AM
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Wave, a leading provider of financial services and software for small businesses, and OnDeck® announced a partnership in which Wave will offer OnDeck business loans and lines of credit to its customer base. The new offering, "Lending by Wave," will...
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February 13, 2017, 07:00 AM
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Ascentium Capital was announced as a finalist in the Top Small Business Lending Platform category by LendIt, the world’s largest show in lending and FinTech. Finalists included companies that demonstrate a combination of loan performance, volume...
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January 20, 2017, 07:15 AM
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Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to...
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December 23, 2016, 07:15 AM
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Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks....
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December 21, 2016, 07:20 AM
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Moody's has published a comment in thier Credit Outlook that the announcement by the U.S. OCC that it would begin accepting special-purpose bank charter applications from fintech companies is credit positive for marketplace loan ABS.According to...
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December 09, 2016, 07:09 AM
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The Alta Group and Currency, founding sponsors of the Commercial Equipment Marketplace Council (CEMC), will host an East Coast roundtable Dec. 8 at Columbia University in New York on the ways FinTechs, equipment finance companies, lenders and...
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December 08, 2016, 07:00 AM
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The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector....
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December 07, 2016, 06:52 AM
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Bizfi announced they have originated more than $127 million in financing in the third quarter of 2016. The top sectors seeking financing through the Bizfi marketplace include manufacturing, retail, business-to-consumer (B2C) services (i.e. daycare...
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November 23, 2016, 06:08 AM
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Quick Bridge Funding LLC, a financial services firm serving small- to mid-sized businesses, is pleased to announce its expansion into the direct-to-business market with a new organizational identity. Quick Bridge Funding, now QuickBridge, intends to...
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November 16, 2016, 07:00 AM
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Lending Club announced that financial services veteran Thomas W. Casey will join as Chief Financial Officer, effective September 19, 2016.Casey joins Lending Club with extensive experience and strategic perspective across the entire range of...
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September 13, 2016, 07:01 AM
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Fundation Group announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs. Fundation will use this credit facility to accelerate its growth by increasing its capacity to extend credit to small businesses across the...
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August 25, 2016, 07:02 AM
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CAN Capital and Entrepreneur Media, Inc., publisher of Entrepreneur magazine and Entrepreneur.com, announced the official launch of an exclusive funding center that will allow small businesses access to a range of flexible funding products designed...
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August 17, 2016, 07:15 AM
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Currently, there is a debate beginning to emerge in Washington, in Springfield, in Albany, and in other government centers about what sources of funding small businesses should be allowed to access. In a world in which small business credit through...
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July 12, 2016, 07:00 AM
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Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since...
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June 27, 2016, 08:00 AM
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Bizfi announced it originated more than $144 million in financing to 3,605 small businesses in the first quarter of 2016. This is a record in originations for any one quarter, resulting in a 49 percent year-over-year increase over the $96 million...
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May 18, 2016, 07:14 AM
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The online alternative finance market, including crowdfunding and peer-to-peer lending, is exploding in the U.S., generating more than $36 billion in funding in 2015, up from $11 billion in 2014, according to a new report published by KPMG, the...
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April 12, 2016, 07:18 AM
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Quick Bridge Funding, a privately-held, Inc. 500 financial services firm, announced president, Ben Gold, will serve as both a moderator and a panelist at the flagship LendIt USA 2016 conference in San Francisco, California April 11-12, 2016. LendIt...
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April 06, 2016, 07:10 AM
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In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey...
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March 31, 2016, 07:11 AM
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Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced that it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small...
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March 18, 2016, 07:12 AM
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Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants...
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March 14, 2016, 07:10 AM
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Lendio and the Small Business & Entrepreneurship Council (SBE Council), a leading advocacy and education organization dedicated to promoting entrepreneurship and strong small business growth, announced a partnership designed to support the funding...
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March 14, 2016, 06:57 AM
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Bizfi announced it originated over $142 million in business financing in the fourth quarter of 2015 - a record for any one quarter since the founding of the company and launch of the platform.Bizfi and its proprietary marketplace and funding...
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February 10, 2016, 07:00 AM
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SunTrust Banks, Inc. (NYSE: STI) has launched a new Payments & Technology Industry Specialty in Commercial and Business Banking. This creates a unique opportunity to drive an industry focus on companies developing financial technology and digital...
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February 03, 2016, 07:19 AM
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For the first time ever, a major FinTech company and small business lender, National Funding, has announced that it will be the title sponsor of the 2015 Holiday Bowl in San Diego. The National Funding Holiday Bowl pits USC versus Wisconsin. ...
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December 17, 2015, 07:00 AM
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Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Closing this financing round enables Bizfi to:
Expand its suite of funding programs...
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December 16, 2015, 07:16 AM
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Channel Partners Capital, LLC announced a newly launched strategic partnership with Atlanta-based Syracuse Strategies LLC ("Syracuse"). Under the terms of the deal, Channel and Syracuse have combined the substantial capital resources and processing...
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December 02, 2015, 07:10 AM
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Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks Online data...
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September 18, 2015, 07:16 AM
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The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from...
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September 10, 2015, 07:00 AM
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Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This...
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July 20, 2015, 07:09 AM
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Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications...
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April 14, 2015, 07:36 AM
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Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in February 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan...
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March 18, 2015, 07:18 AM
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