SBA PPP Loans At Atlantic Union — 13 Days, 6,500 SBA-Approved Applications, $1.4 Billion To SMEs
By the time the SBA money ran out, #Atlantic #Union had obtained $ 1.4 #billion for 6,500 business customers.
Financial Technology
Tagged: Loans Toggle Comment Threads | Keyboard Shortcuts
-
user
-
user
Kabbage Custom Loans Provide More Flexibility To Business Borrowers
#Kabbage has launched a new product to #provide short-term #custom #loans to its Kabbage Payments users.
Financial Technology -
user
Most Consumers Want to Apply for Loans Digitally, Survey Says
Digitizing the lending process is still incomplete for #banks of all sizes. A recent #survey from the lending platform Lendtech, provides further evidence that banks and lending platforms must digitize the loan application and servicing process to capture today’s borrowers. LendTech, a member of the current cohort of this site&8217;s sister accelerator INV #Fintech, conducted a […]
Bank Innovation -
user
KeyBank Acquires SMB Lending Tool Bolstr, Plans to Originate $2.5 Billion in Loans in 5 Years
For a long time, expensive underwriting kept #banks away from small business #lending. But not anymore. The most recent example of a bank taking note of this area is #KeyBank’s acquisition of #Bolstr’s SMB-focused digital lending platform, which it announced this week. Terms of the acquisition were not disclosed. Founded in 2010, Bolstr is a […]
Bank Innovation -
user
SmartBiz Loans Uses Tech And People To Expedite SBA Loan Applications
SmallBiz #Loans provides #banks and small businesses #technology to help process Small Business Administration (SBA) loans. Its automated advisor acts like a small business CFO, analyzing financials and telling owners if they are a good candidate for the SBA or helps them identify areas to improve.
Financial Technology -
user
Consumers Are Getting More Comfortable With Mobile Loans (But Not That Comfortable)
Customers are growing #more #comfortable completing (at least parts of) the loan process over online or #mobile mediums, a study released today by Fiserv found. The majority of customers, or 69% of the 3,095 U.S. adults surveyed, reported that they were comfortable researching loan options online, the Fiserv Expectations & Experiences: Borrowing and Wealth Management study …Read More
Bank Innovation -
user
Funding Circle Partners with Community Bank INTRUST for Loans
Small business lending platform #Funding #Circle will be working with a traditional lender to fund #loans on its platform. The #fintech is partnering with #community #bank, #INTRUST Bank for this purpose, the companies announced yesterday. The partnership will consist of “several stages,” the first of which is funding small business loans for Funding Circle clients. […]
Bank Innovation -
user
PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial
Payments company, #PayPal will sell its U.S. #consumer loan portfolio to #Synchrony #Financial. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $ 5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking #partner since 2004. In addition to selling its credit […]
Bank Innovation -
user
PayPal to Use Swift Financial for Bigger Working Capital Loans
#PayPal has big plans for its latest acquisition, small business lender #Swift #Financial. PayPal today announced its first acquisition since picking up TIO Networks in a $ 233 million deal back in February. Terms of the transaction with Swift were not disclosed. But Palo Alto, Calif-based, PayPal has high hopes for Swift, a leading provider of […]
Bank Innovation -
user
SMBs Can Now Apply for Loans Through Bank of America’s Mobile App
With its consumer #mobile banking upgrades well underway, #Bank of America is turning its attention to businesses. Small business clients can now #apply for #loans directly #through all of BofA’s digital channels, which of course includes the bank’s mobile app. Applications for a “business advantage” term loan as well as for a “business advantage” credit […]
Bank Innovation
Reply