Small business lending

In the digital age, a lot has changed about how businesses operate — and a lot of new data is being generated in the process. American Express is tapping into this data for instant credit decisions.

Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending.

On Jun. 30, 2017. Dollars in thousands.

Small-business credit is poised for a shakeout. In the coming months, partnerships between banks and fintechs will increase, and credit models will be refined.

The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many banks and credit unions don't know it exists.

It’s not just consumers who are worried about identity theft. For the millions of business owners who rely on their personal credit to finance operations, damage to credit scores could have dire consequences.

The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.

A "transformational" capital raise led by CEO Mary Ann Scully set the stage for Howard Bank's largest-ever acquisition.

A pay hike for front-line employees is one example of how Karen Larrimer has shaken up the status quo in PNC’s retail banking division.

Bita Ardalan has been promoted four times over the past five years, most recently in 2015 when she was named head of commercial banking.

Janet Garufis has spent of the past year working to ease the regulatory burden on community banks.

Under Michelle Di Gangi, small and midsize business lending has become a significant driver of profits at Bank of the West.

Live Oak Bancshares is used to finding ways to make small-business loans, but its new M&A operation was formed after two bankers pitched the plan to Live Oak's management.

Why Square says banks have nothing to fear in its bid for an ILC charter and IEX's Sara Furber explains why you should not fear the big jobs. Plus, workplaces women like and Lena Waithe on using your superpowers.

The agency and the National Association of Federally-Insured Credit Unions plan to boost efforts to get more credit unions involved with SBA lending.

The democratic nominee has supported regulatory relief and small business lending for CUs

Trade group will work with U.S. Small Business Administration to expand accessibility of SBA products to credit unions.

The agency has earmarked all funds from a Hurricane Harvey recovery package for direct relief, despite calls to get more bankers involved in the process. It remains to be seen how the agency will handle the cleanup for Hurricane Irma.

It’s highly debatable whether the artificial intelligence engines that online lenders typically use, and that banks are just starting to deploy, are capable of making credit decisions without inadvertent prejudices.

Given the scale of damage to the region’s homes and cars, bankers are guarding against an expected spike in missed payments by extending loan terms, deferring payments and making other concessions.