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Santander to apply for slice of RBS small business lending funds, Bloomberg says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 17th, 2018

Over 300 small-business loans a day aren’t happening because of the shutdown. Congresswoman calls on Trump to fix that.

The Small Business Administration typically processes over 300 small-business loans a day. The shutdown has halted all of those funds......»»

Category: topSource: washpostJan 11th, 2019

SBA lending in Mass. slows for second straight year

It was a down year for the U.S. Small Business Administration’s most popular loan program in the Bay State, according to a report recently issued by the agency's Massachusetts office......»»

Category: topSource: bizjournalsDec 14th, 2018

State to probe small-business lending abuses

New York’s attorney general has opened an investigation into potential abuses by finance firms that offer quick money to small businesses nationwide, according to a person familiar with the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkDec 4th, 2018

Small business lending picks up pace

When the Great Recession began in 2008, entrepreneurs had tremendous difficulty in securing capital, but that has changed now......»»

Category: topSource: moneycentralOct 23rd, 2018

Wells Fargo unveils D.C. initiative to triple charitable giving, boost small business lending

San Francisco banking giant Wells Fargo & Company (NYSE: WFC) will be boosting its business and charitable giving in Washington, D.C., to a total of $1.6 billion over the next five years, the bank said in an announcement. The bulk of that money co.....»»

Category: topSource: bizjournalsOct 23rd, 2018

PNC partners with OnDeck for online small business lending

PNC Financial Services Group's PNC Bank will use technology from digital lender OnDeck Capital to extend loans to small businesses online, the companies said on Monday......»»

Category: topSource: moneycentralOct 22nd, 2018

Huntington hits milestone for SBA lending – here’s a breakdown by state

Huntington National Bank is the nation’s top small-business lender. The Columbus-based bank closed out its 2018 fiscal year with a 13.8 percent increase in Small Business Administration 7(a) loan originations. In all, the bank made 4,629 loans to.....»»

Category: topSource: bizjournalsOct 6th, 2018

Fintech

Not so long ago, homebuyers, entrepreneurs and investors went hat-in-hand to the bank to apply for a mortgage, small-business credit line or brokerage account. Financial technology, or fintech, is rapidly changing all that by making it easier t.....»»

Category: topSource: washpostSep 20th, 2018

3 lessons small-business owners can learn from "Shark Tank"

The show offers entrepreneurs a lot they can apply to their own businesses......»»

Category: topSource: moneycentralSep 18th, 2018

US Small Business Optimism Just Hit Its Highest Level in History - Bloomberg

BloombergUS Small Busines.....»»

Category: topSource: googlenewsSep 11th, 2018

What lenders look for in a business customer

Whether you are just starting out as a small business owner or you are an established entrepreneur looking to grow, a time will come when you need to reach out to a lender for additional funds. Planning for this eventuality goes a long way towards lo.....»»

Category: topSource: bizjournalsSep 4th, 2018

Who Killed Toys "R" Us? It Wasn"t Only Amazon

A small group of hedge funds decided the ailing Toys ‘R’ Us was worth more dead than alive. That turned a frantic restructuring effort into a going-out-of-business sale, a sign of debtholders’ increasing power in bankruptcy court......»»

Category: smallbizSource: wsjAug 23rd, 2018

Washington banks are capitalizing on the sale of SBA loan guarantees

Financial institutions are finding a profitable way to help small businesses secure financing, and it’s the secondary market that makes small business lending particularly worthwhile......»»

Category: topSource: bizjournalsJul 31st, 2018

Square, eBay to expand lending for "underserved" small businesses

Payment company Square is partnering with eBay to expand its small-business lending......»»

Category: topSource: moneycentralJul 24th, 2018

SBA offering disaster loans up to $2M for Kauai, Big Island, Honolulu businesses

The U.S. Small Business Administration is urging businesses, nonprofits and homeowners affected by the natural disasters on Kauai, the Big Island and Oahu to apply for low-interest federal loans. Businesses of all sizes and private nonprofits can.....»»

Category: topSource: bizjournalsJul 6th, 2018

Square Inc. pulls application to open a bank, says it will circle back later

Square Inc. has withdrawn an application to open a new depository bank, but said it plans to apply later to the Federal Deposit Insurance Corp. Last September, the payments processor and its Square Capital small business loan arm filed documents with t.....»»

Category: topSource: bizjournalsJul 5th, 2018

Breaking: $15 million small business fund launches in Memphis

A group of nonprofits and banks are ready to lend their money and expertise to help support Memphis-area minority- and women-owned businesses. Epicenter, a locally based entrepreneurship hub, and Pathway Lending, a regional Community Development Fina.....»»

Category: topSource: bizjournalsJun 11th, 2018

Main Street Banks Feel Squeezed by New Lending Rivals

Hedge funds, private-equity firms and others are elbowing into business loans. Midsize banks are being forced to rethink a business that is a key part of their revenue......»»

Category: smallbizSource: wsjMay 19th, 2018

Small business lending reaches record levels in Washington state

KeyBank's Jimmy Ng shares how the bank became the largest lender of SBA-backed loans and why they're looking to grow that segment even more......»»

Category: topSource: bizjournalsMay 14th, 2018

Chase to open hundreds of offices in U.S. even as rivals abandon bank branches

Seventy branches are planned for the Washington region; bank estimates $4 billion in home and small-business lending by 2023......»»

Category: topSource: washpostApr 22nd, 2018