Small business

Just weeks after it shook up its executive ranks and suspended efforts to pursue new customers, the New York-based business lender confirmed Friday that it is eliminating dozens of jobs.

Capital Business Credit, a New York-based business finance company, has been acquired by a San Francisco-based lender.

The National Credit Union Administration rule expanding member business lending introduces new risks and lacks legal basis.

BlueVine, an online small business lender based in Redwood City, Calif., said Wednesday that it has closed a $49 million funding round.

OnDeck Capital, the New York-based online small-business lender, has obtained a $200 million revolving debt facility from Credit Suisse.

The recent shake-up at CAN Capital could spark greater scrutiny of a sector that has drawn comparisons to the bubble-era subprime mortgage market.

CAN Capital said Tuesday that CEO Daniel DeMeo has been placed on a leave of absence. Parris Sanz, the company's chief legal officer, is now serving as acting CEO.

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

Cody Wilson, inventor of the world's first 3D-printed handgun, has struggled to keep his radical business going after banks and payments companies repeatedly cut him off. His story offers an unusually detailed window onto the dynamics of de-risking.

A bill looming in Congress would require the Internal Revenue Service to accept electronic transmission of lending-related forms, which could speed up the lending process by days.

Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion.

Many community bankers are hopeful that the pro-business Republican will reduce regulatory costs for them and their customers, but others remain concerned about Trump's lack of specifics on job creation.

Small merchants need to adopt omnichannel, but it can be difficult in a low resource environment. Staying flexible to add technology fast is key.

OnDeck Capital reported its fourth consecutive quarterly loss on Thursday as investors bought fewer loans and the firm was forced to make costly adjustments to its business.

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Wells Fargo has named Monica Cole to head middle-market banking for six Midwestern states.

Small businesses hungry for financing will quickly ditch a banking relationship if they are unhappy, according to a new J.D. Power report.

Bizfi, a New York-based online small-business finance company, announced the hiring of John Donovan as its new chief executive officer.

Alfred F. Kelly Jr. may be planning to run Visa his own way, but he will still face the same challenges his predecessor did. Here are a few of Visa's most immediate issues.

MCA remains a very active area — and has become fiercely competitive.