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The pioneering online lender had long struggled to live up to the hype that drove its early growth, even before the pandemic pushed it to the brink.
July 29
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Challengers like Joust, Lili and NorthOne that offer banking services to freelancers and small-business owners are getting record levels of new customers as the traditional workforce thins.
June 23 -
Triad Business Bank in North Carolina, which opened in March, has made $106 million in Paycheck Protection loans.
May 17 -
The agencies produced an application process that includes favorable interpretation of qualifying expenses.
May 15 -
Oxygen helps customers obtain business licenses and separate their personal and business lives. Its says its services will be in demand as the pandemic accelerates a shift away from traditional jobs.
May 15 -
Up to 12% of loans under the $660 billion small-business rescue program could be tied to misleading or completely phony applications, fueling concerns about lenders' potential liability.
May 7
