Small business

Live Oak Bancshares in Wilmington, N.C., one of the largest 7(a) program lenders in the U.S. last year, has promoted Greg Thompson to chief operating officer.

A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.

Officials who assess how well banks lend and invest in their communities seem out of sync with the experiences of Main Street.

Financial institutions considering whether to bank marijuana-related businesses often receive inaccurate information about the emerging industry. Here are five common myths.

The $933-million asset institution said in a press release Tuesday that the technology, provided by Louisville-based R.C. Giltner Services, will enable consumer and small-business customers to complete the loan application process in minutes.

California regulators on Monday identified 14 companies that the state is targeting as part of its recently announced inquiry into the marketplace lending industry.

Under Jill Castilla, the once-sleepy Citizens has been transformed into a thoroughly modern institution that has become a model for other small banks trying to stay relevant in an increasingly competitive financial services marketplace. For that reason and more, she is one of American Banker's three community bankers of the year.

Despite their own vast resources, some large banks are partnering with fintech startups to help them meet the needs of one of their trickiest market segments: small businesses

The best commercial lenders take enough interest in their clients to speak up when they see credit as not serving the long-term success of a company.

Washington Federal is the latest bank to partner with a tech company in an effort to streamline online loan applications.

Small-business owners' optimism about the economy is dwindling, which casts a dark cloud over banks' lending efforts, according to a new survey conducted by Wells Fargo and Gallup.

Ex-banker Frank Rotman, now a venture capitalist who focuses on marketplace lending, has a unique vantage point on the competition for small-business loans between banks and Web-based upstarts, as well as on both sides' strengths and weaknesses.

Hours after Jamie Dimon alluded to the budding partnership, the banking giant and marketplace lender went public with their plans to launch an online lending platform in 2016.

The Portland, Ore., company is pitching its technology as a way for banks to enter digital lending without sacrificing their relationships with customers.

The online loan broker Fundera has published information about the interest rates paid by customers of its website, the latest development in a debate about transparency of the cost of credit provided by alternative lenders.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

The top Democrat on the House Small Business Committee is looking into what regulators are doing to protect small-business borrowers who use online lenders.

The relevant question is no longer whether new regulations will come for the fast-growing industry, but what form they should take.

Reimaging the digital experience for retail customers has been the rage for several years now, but a handful of companies are turning their attention to rethinking the digital experience for small business deposit accounts.

Revenue growth outpaced rising expenses at OnDeck Capital during the third quarter, allowing the fast-growing small-business lender to turn a profit.