When the government announced the first tranche of funding for the Paycheck Protection Program (PPP) there was a flood of...
Funding Circle released a trading update today that provides some insight into how they are doing in the UK and...
John Pitts is policy lead for Plaid and has been critical of the Paycheck Protection Program; beyond the challenges of...
OnDeck lost $59mn in Q1 2020 as their streak of seven straight quarters of profitability came to an end; the...
deBanked reports that Levi King one of the co-founders of Nav has resigned; Nav is a company which helps small...
Approval percentages for small business loan applications at banks with $10+ billion in assets fell to 8.9%, down from 15.4%...
Fintechs PayPal and Intuit were the first two non-bank lenders to be approved to lend through the Small Business Association’s...
Kabbage shared today that over 110,000 small businesses have been approved through their platform totaling $3.5 billion; Kabbage is an...
First proposed in June and recently signed by Governor Cuomo the 7 person task force will be focused on reviewing online lending activities in NY; the task force will be chosen by the governor, president of the senate and speaker of the assembly; they will report their findings on small business and consumer lending back to the governor. Source.
As non bank lenders continue to gain market share across different loan segments, we wanted to give a complete overview...