Small business banking
Small business banking
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Hundreds of bankers and credit union executives are seeking exemptions and changes to a Consumer Financial Protection Bureau proposal to collect race, ethnicity and gender information about small-business borrowers that they describe as burdensome and unworkable.
January 11 - AB - Technology
Both traditional financial institutions and neobanks — including NorthOne, Novo and BMO Harris Bank — are developing technology to meet the needs of younger small-business owners.
January 7 -
Newity was founded to buy and administer Paycheck Protection Program loans. Now that the program has ended, the company is teaming with a bank on a platform that offers Small Business Administration 7(a) loans.
January 7 -
Faster payments would help the economy in general and individuals and small businesses in particular. It's time for banks to step up.
January 7 -
To strengthen ties with entrepreneurs, Citizens Bank of Edmond in Oklahoma and the de novo Genesis Bank in California offer co-working, education and other resources.
December 27 -
Technology that Biz2Credit used to help certified public accountants obtain Paycheck Protection Program loans for their clients is being updated to offer term loans to small-business owners.
December 17 - PSO content
Kabbage and other firms are extending credit to fund higher salaries at the small merchants that are struggling to hire new employees.
December 16 -
A few changes to underwriting rules could result in a huge opportunity for both lenders and minority women who own businesses.
December 13 -
Startups in the U.S. and Canada are emphasizing features such as virtual issuance and receipt capture in creating expense cards for business owners.
November 30 -
Republicans on the House Small Business Committee question the wisdom of having the Small Business Administration depart from its traditional model of backing loans made by private-sector lenders. But agency Administrator Isabella Casillas Guzman says the plan is necessary to fill "large gaps" in credit availability to the smallest companies.
November 17