Biz2Credit already works with HSBC and Popular Bank who leverage their software-as-a-service loan management, servicing and risk analytics product; with...
Online small business lending platform Biz2Credit announced today that they have closed their Series B funding round; the $52 million...
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Biz2Credit has announced a new partnership with Tradeshift for expanded small business access to capital; Tradeshift is a cloud-based business procurement network supporting over 800,000 businesses; companies that use Tradeshift will gain access to the Biz2Credit platform for financing options; Biz2Credit says the partnership will help Tradeshift's clients secure financing more quickly and easily. Source
Institutional investors and small banks increased their small business lending in March, according to the Biz2Credit Small Business Lending Index report; institutional lending approvals increased to 63.6% and small bank approvals increased to 48.9%; the approval rate at big banks was unchanged at 24.1%; the approval rate at credit unions decreased to 40.7%; the approval rate at alternative lenders decreased to 58.2%. Source
Approval percentages for small business loan applications at banks with $10+ billion in assets fell to 8.9%, down from 15.4%...
Getting the Paycheck Protection Program up and running was an event unto itself, getting forgiveness right will be an even...
Biz2Credit has released its monthly Biz2Credit Small Business Lending Index report which provides approval rates on small business loans; large lenders increased approval rates while alternative and credit union lenders reported decreases; big banks reported an approval rate of 23.9% in December, an increase of 0.02% from November and 1% from December 2015; the small bank approval rate increased to 48.9% and the institutional lenders approval rate increased to 63.4%; alternative lending approval rates decreased to 58.6% and the approval rate from credit unions decreased to 40.9%. Source
The Biz2Credit Small Business Lending Index shows another increase in small business approval rates at traditional banks in January with big banks approving a new high of 24% of small business loans; Biz2Credit CEO Rohit Arora attributes the increase to optimism over the Trump administration's regulatory initiatives for financial services; loan approval rates at small banks were basically unchanged at 48.9%; the loan approval rate for institutional lenders remained at 63.4%; loan approval rates at credit unions decreased to 40.8%; loan approval rates decreased for alternative lenders, with the average approval rate at 58.5%. Source
Mobile bank Current launches a points rewards program for debit card users U.S. Financial Service Buckle Secured $31 Million Through...