Small business lending

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more.

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

The New Jersey company agreed to buy BoeFly, which connects franchisors, small businesses, lenders and loan brokers.

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

Gail Jansen, who oversees member business lending at Kinecta Federal Credit Union, warned that increasing fees for Small Business Administration loans would hurt borrowers.

The bipartisan bill, praised by credit union trade groups, is the top 2019 legislative priority for the Defense Credit Union Council.

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

The bank is pledging to lend another $2 billion in a market where it has invested $3.6 billion in various community development initiatives since 2016. Most of the new funds will be used to make loans to small businesses that operate in low- and moderate-income neighborhoods.

On Dec. 31, 2018. Dollars in thousands, except for average loan amount.

StreetShares will add to its line of financing products with a credit card specifically for small-business owners with a military background.

Regional and community banks are working to finance the economic development districts created by the new law. But they have lots of questions about how the program works — and thoughts on how to improve it.

AI-driven customer insights, mortgages and small-business loans are among the features in the app, which the bank is rolling out Friday.

The Connecticut bank, which has been unable to complete a pending deal for an SBA platform, has managed to build the business anyway.

The Nusenda Credit Union Foundation, which is being honored with a Wegner Award, works with its partners to find creative solutions to unmet needs, including its mircolending program, Co-op Capital.

The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.

Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.

Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.

On Sep. 30, 2018. Dollars in thousands.

The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.