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Why the largest PPP lender in Greater Philadelphia this summer was not a bank
Atlanta-based Kabbage completed 71% of its PPP lending in the Philadelphia region between June and August, when most banks had either curtailed lending or ended their participation in the program altogether......»»
Trends in commercial lending: A Q&A with Simmons Bank"s Danny Chadakhtzian
Simmons' regional chairman discusses the bank's recent expansion and the power of SBA loans......»»
Kenya"s stock exchange eyes boost from rate cap removal
Kenya's Nairobi Securities Exchange expects the removal of a cap on commercial lending rates to spur stocks trading, lifting valuations and attracting new listings, its chief executive said on Monday......»»
OceanFirst cutting more branches as it amps up Philadelphia lending
The New Jersey bank has not even officially moved into its loan production office at Two Logan Square and has already generated $123 million for its commercial pipeline......»»
Philadelphia staffing agency president sentenced to three years in prison for $400K fraud scheme
The president of a local staffing company was sentenced today to three years in prison for defrauding a commercial finance lending company out of more than $400,000. Jeremy Hare, 48, of Philadelphia, previously pleaded guilty before U.S. District .....»»
Montco bank enters commercial lending with ex-Univest execs, Philadelphia loan office
The new team will focus on small to mid-sized businesses and entrepreneurs with credit needs up to $3 million......»»
Co-living juggernaut Common planning $300M expansion
Co-living brand Common has announced major expansion plans across the United States. Over the next three years, the all-inclusive living company will open in Philadelphia, Atlanta, Pittsburgh, and San Diego, representing m.....»»
Bryn Mawr appoints DNB Financial exec just days after he resigns
Bryn Mawr Trust appointed Christopher McGill to be market president of Philadelphia and South Jersey just days after he resigned from his position at DNB Financial Corp. McGill resigned as chief commercial lending officer at DNB, according to an SE.....»»
Atlanta-based Fintech firm raises $28M, eyes expansion
Patientco, an Atlanta-based fintech platform that help providers maximize patient payments, has raised $28 million in a Series B round. According to company representatives, the investment was led by California-based private equity firm Accel-KKR wi.....»»
Tax bills for Philadelphia homeowners are surging. The worst may lie ahead.
The struggles of the commercial real estate market are expected to contribute to an increasing property tax burden for homeowners......»»
Game On: Take-Two reports bookings beat as Netflix eyes expansion into games
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.....»»
Furniture rental startup eyes Texas expansion as its closes in on new funding
The company is already beta testing in Austin and Houston......»»
40 Under 40: Heather Hanowitz, Philadelphia Industrial Development Corp.
Heather Hanowitz is the vice president and senior loan officer, business lending at Philadelphia Industrial Development Corp......»»
Chicken sandwich restaurant chain eyes St. Louis region for expansion
A Wichita, Kansas-based chicken sandwich restaurant chain has announced plans to expand to the St. Louis area with drive-thru-focused locations......»»
Growing rapidly in Philadelphia, OceanFirst Bank enters Baltimore after adding BBVA lending team
CEO Christopher Maher said the bank sees parallels between Baltimore and Philadelphia, where OceanFirst has grown dramatically since opening a loan office two years ago......»»
Massage and spa franchise eyes metro Birmingham expansion
A Birmingham fitness enthusiast is eyeing several communities in the metro area as part of a three-franchise deal......»»
Despite a year without most live events, Digital Seat Media has set the stage expand its reach
Digital Seat Media expects to deploy its technology in nearly 50 venues this year, with eyes on global expansion......»»
PPP loan data reveals which Philadelphia-area banks did the most lending in 2021
A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»
Shelby County winery eyes expansion
Chelsea City Council is considering incentives for a potential expansion of a local winery......»»
Coast Guard eyes expansion of Seattle waterfront base
The U.S. Coast Guard is weighing plans to expand and modernize its base on Seattle's waterfront, including the possible redevelopment of port property currently reserved for container shipping. Details emerged publicly Friday from Port of Seattl.....»»