The 2017 Small Business Credit Survey from the Federal Reserve shows that nearly 60 percent of small businesses applied for financing...
Kabbage will add payment processing capabilities by the end of the year according to President Kathryn Petralia; it will set...
Mobile devices have changed consumer expectations. People now expect that you can have access to anything you might need right...
deBanked has collected originations figures from many of the top small business financing companies; according to data available, OnDeck led 2017 originations with over $2.1 billion; PayPal Working Capital and Amazon Lending are not included in the list. Source
Kabbage is an online lender in the small business space; today they announced they would not fund “any business that we identify as a seller of firearms or ammunition to individuals under 21 or that sell or manufacture any form of assualt-style weapon.”; according to a written statement signed by the executives, “As parents and leaders of Kabbage we simply cannot imagine the grief of families who too often have been stricken by gun violence like the tragedy in Parkland, Florida. The technology community must work to prevent these horrifying and heartbreaking events from robbing our children of their future.”; Kabbage is also supporting the Parkland survivors’ March 14 walkout and also announced charitable contributions. Source
A new survey by 12 Federal Reserve banks says 35 percent of small business owners who received loans from fintech...
Under the pilot project in partnership with Lending Loop the Ontario government will be providing $3 million in loans to...
The franchise will be in Seattle’s Central Region; Lendio franchises help businesses understand their financing options and apply for loans; Lendio currently has partnerships with more than 75 lenders across SBA loans, startup loans, equipment loans and commercial real estate; Lendio surpassed $300 million through the platform last year. Source
Back in the early days of marketplace lending there was a company called Endurance Lending Network. They were one of...
The CEO of the U.S. Network of Accion gives us the CDFI perspective on small business lending in underserved communities. Source