Pathward released its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70 percent consider themselves to be in growth mode.Based on a survey...
Read Story
February 27, 2024, 07:30 AM
|
Increased optimism among small businesses about the U.S. economy is carrying over to their banking relationships.Falling inflation, a friendlier Federal Reserve and diminishing concerns about a recession have elevated small business owners’ and...
Read Story
February 20, 2024, 07:00 AM
|
Fora Financial announced has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small...
Read Story
February 15, 2024, 07:50 AM
|
Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. January marks 18 consecutive months...
Read Story
February 05, 2024, 07:57 AM
|
NFIB’s Research Center released the third credit-focused survey in a series first started in April 2023 assessing small business owners’ banking and financing activities. In addition, this survey assesses this year’s holiday sales and small business...
Read Story
December 29, 2023, 07:19 AM
|
Small business loan approval percentages at big banks ($10 billion+ in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2Credit Small Business Lending Index released.“Small business lending has been on a...
Read Story
November 09, 2023, 07:45 AM
|
A credit crunch has descended upon small business owners nationwide hindering their growth and causing some to say that if it continues, they’ll be forced to close. A new nationwide survey from Goldman Sachs 10,000 Small Businesses Voices shows 78...
Read Story
October 26, 2023, 07:00 AM
|
The NFIB Small Business Optimism Index decreased half of a point in September to 90.8. September’s reading marks the 21st consecutive month below the 49-year average of 98. Twenty-three percent of owners reported that inflation was their single most...
Read Story
October 16, 2023, 07:15 AM
|
Small business loan approval percentages at big banks ($10 billion+ in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index released today. Big bank lending to small...
Read Story
October 11, 2023, 07:00 AM
|
Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to a new survey.The ninth annual First Citizens Bank Small Business...
Read Story
September 12, 2023, 06:41 AM
|
Small business filings, captured as subchapter V elections within Chapter 11, increased 81 percent to 157 in April 2023 from 87 in April 2022, according to data provided by Epiq Bankruptcy, the leading provider of U.S. bankruptcy filing data. All...
Read Story
May 03, 2023, 08:00 AM
|
The majority of U.S. small business owners (72 percent) are concerned about the impact of a potential recession, however, 76 percent are confident their business could withstand the downturn, according to the Bank of America 2023 Small Business Owner...
Read Story
April 28, 2023, 07:45 AM
|
Wells Fargo announced that Mary Mack will retire from the company this summer and Saul Van Beurden, head of Technology at Wells Fargo, will succeed Mack as CEO of Consumer & Small Business Banking (CSBB), effective May 15. Van Beurden will continue...
Read Story
April 14, 2023, 07:42 AM
|
The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Lenders will collect and report...
Read Story
March 31, 2023, 07:54 AM
|
Rapid Finance was named “Best Business Lending Product” in the 7th annual 2023 FinTech Breakthrough Awards, recognizing the top companies and products in the financial services and technology industry.Traditional small business and SBA loan...
Read Story
March 27, 2023, 07:00 AM
|
Main Street Alliance (MSA), a non-profit organization that works with small businesses across the country to create an equitable economy, announced it has partnered with Biz2Credit, a leading online financing resource, to provide working capital and...
Read Story
January 23, 2023, 07:00 AM
|
Provident Bank released the results of its 2023 Economic Outlook Survey. The survey polled 1,000 small-to-medium-sized business owners and executives and explores predictions for 2023’s economic outlook in addition to measuring respondents' thoughts...
Read Story
January 03, 2023, 07:50 AM
|
FNBC Bank has hired Edward Haddock to lead its Small Business Division, according to President & CEO Marty Sellars. Haddock brings over a decade of experience working for the U.S. Small Business Administration.“In October, we shared with our...
Read Story
January 03, 2023, 07:00 AM
|
Funding Circle launched a new program for BancAlliance, a network of over 325 community banks, where participating members can purchase a diversified pool of interests in small business loans originated through Funding Circle’s platform. This...
Read Story
May 24, 2022, 07:30 AM
|
The total 36,049 bankruptcy filings for March represented a 34 percent increase over the 26,993 filings during the previous month of February, according to data provided by Epiq Bankruptcy. Similarly, the 34,244 total noncommercial filings for March...
Read Story
April 06, 2022, 07:45 AM
|
The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted gain of 3.57% for April. The remarkable gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity....
Read Story
May 10, 2021, 07:17 AM
|
Alterna Capital Solutions announced a $30 million increase to its asset-based credit facility with Wells Fargo Capital Finance. The line increase brings the firm’s total credit facility to $110 million, positioning Alterna Capital Solutions to meet...
Read Story
March 03, 2021, 06:00 AM
|
In a year filled with unforeseen and unparalleled challenges, small and midsize U.S. business leaders are showing resilience by remaining nimble, accelerating digital adoption and using lessons learned to plan for continued economic uncertainty...
Read Story
January 06, 2021, 07:15 AM
|
New data released by CAN Capital, Inc. shows business owners have a sense of confidence for the future after the COVID-19 crisis.Polling more than 400 U.S. small business owners across 49 states, the research reveals the majority of small business...
Read Story
May 29, 2020, 09:10 AM
|
The NFIB Research Center’s new survey on the current impact of the coronavirus outbreak on small business found that while most small businesses are not currently impacted, owners are concerned about future disruptions if the outbreak continues to...
Read Story
March 17, 2020, 08:30 AM
|
The competitive job market continues to drive wage growth higher, according to the latest Paychex | IHS Markit Small Business Employment Watch. Steady growth in hourly earnings and hours worked – with hours worked in December posting the strongest...
Read Story
January 02, 2020, 08:50 AM
|
Investors Bancorp, Inc. announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan...
Read Story
October 21, 2019, 08:22 AM
|
BlueVine, an online lender to small- and medium-sized businesses, announced that it is making term loan financing available for business owners through its suite of online financing solutions. The BlueVine Term Loan provides small- and medium-sized...
Read Story
April 09, 2019, 08:45 AM
|
Small business owners indicated declining optimism in the latest quarterly Wells Fargo/Gallup Small Business Index, with an overall Index score of 106. That marks the seventh consecutive quarter in which the score has topped 100, although it is 23...
Read Story
February 08, 2019, 07:22 AM
|
The latest Quarterly Credit Outlook from PayNet, the leading provider of small business credit data and analysis, shows Main Street closing Q3 2018 with moderated lending and a slight uptick in risk. The Thomson Reuters / PayNet Small Business...
Read Story
November 19, 2018, 08:00 AM
|
Small business optimism continued its two-year streak of record highs, according to the NFIB Small Business Optimism Index October reading of 107.4. Overall, small businesses continue to support the three percent-plus growth of the economy and add...
Read Story
November 14, 2018, 07:00 AM
|
HSBC Bank announced the launch of a new service designed to give customers greater control over their business and personal finance needs. The first service of its kind for HSBC in the US, HSBC Fusion is designed to facilitate account management for...
Read Story
October 03, 2018, 07:07 AM
|
The Federal Deposit Insurance Corporation (FDIC) published a report on the findings of its Small Business Lending Survey, which collected data on how banks conduct their lending to small businesses. The report found that banks of different sizes...
Read Story
October 02, 2018, 07:16 AM
|
The Small Business Optimism Index increased in May to the second highest level in the NFIB survey’s 45-year history. The index rose to 107.8, a three-point gain, with small businesses reporting high numbers in several key areas including compensation...
Read Story
June 14, 2018, 07:00 AM
|
CIT Direct Capital announced the results of its new survey conducted by The Harris Poll revealing that nearly three out of four small businesses in the U.S. plan to expand their product and service offerings this year. "With strong expectations for...
Read Story
May 01, 2018, 07:23 AM
|
Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks....
Read Story
December 21, 2016, 07:33 AM
|
OnDeck, a leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse.In addition to its other funding sources, OnDeck may now obtain funding under the new credit...
Read Story
December 09, 2016, 08:11 AM
|
Small business owners are the most optimistic they have been since January 2008, according to the latest Wells Fargo/Gallup Small Business Index, conducted Nov. 11-17.In the quarterly small business survey, which measures the optimism of small...
Read Story
December 09, 2016, 08:00 AM
|
Hana Financial, Inc., one of the nation’s leading non-bank specialty commercial lenders, announced that its SBA lending unit, Hana Small Business Lending, Inc., has completed the securitization and sale of approximately $46.1 million of notes backed...
Read Story
November 16, 2016, 07:13 AM
|
Bizfi, a leading fintech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced its board of directors has appointed John Donovan as the company’s chief executive officer (CEO). Donovan is a...
Read Story
October 25, 2016, 07:51 AM
|
Minnesota-based Commonwealth Capital, LLC has achieved tremendous growth this year in their factoring portfolio, as well as with the management team. Over the last few months, Commonwealth Capital has appointed Kraig Gunwall to Executive Vice...
Read Story
October 20, 2016, 07:36 AM
|
Owners of small and mid-sized businesses are upbeat about the U.S. economy amid steady expectations for their sales and hiring during the next six months, according to the latest PNC Economic Outlook Survey findings.The fall findings of PNC's...
Read Story
October 11, 2016, 07:13 AM
|
Leading venture debt provider Trinity Capital Investment announced the recent launch of a third fund, Trinity Capital Investment Fund III, L.P. (Fund III), which is expected to provide an estimated $600 million of additional capital for deployment...
Read Story
September 29, 2016, 07:06 AM
|
Square and Upserve announced a partnership providing Upserve customers access to fast, flexible, and straightforward funding for their restaurants through Square Capital. This is the first time loans through Square Capital will be available to...
Read Story
August 11, 2016, 07:51 AM
|
Middlemarch Partners announces its role as a financial and strategic advisor in the completion of an up to $60 million debt facility raise for CapFusion, an online provider of small business loans. The financing will enable CapFusion to accelerate...
Read Story
June 06, 2016, 07:29 AM
|
Fora Financial, a provider of flexible working capital solutions to small businesses, announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar...
Read Story
May 20, 2016, 07:55 AM
|
IOU Financial Inc., an online lender to small businesses, is pleased to announce that it has entered into a $50 million credit facility with MidCap Financial. The facility will have an initial commitment amount of $25 million and will be expandable...
Read Story
April 25, 2016, 08:11 AM
|
Executives from middle-market businesses and small businesses have positive expectations for the performance of their companies over the next 12 months, at 70 percent and 69 percent respectively, according to results from the 2016 JPMorgan Chase & Co...
Read Story
April 13, 2016, 07:11 AM
|
According to the annual SunTrust Banks, Inc. Business Pulse Survey, there is a significant shift in the growth strategies of middle-market and small businesses as they move forward with plans to fuel expansion in the next five years. Thirty-six...
Read Story
March 24, 2016, 07:23 AM
|
A new Philadelphia based company (Conshohocken, PA) is changing the landscape for businesses in need of working capital. CapitalFront, LLC brings the credibility and stability of institutional lending to small- and middle-market businesses.Founded by...
Read Story
February 29, 2016, 07:43 AM
|
Swift Capital, a leading provider of working capital for small businesses, announced that Adam Block has just joined the company as head of finance. Block is the latest of three prominent executive team hires including Doug Bland, president and chief...
Read Story
February 17, 2016, 07:28 AM
|
Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform, www.mainspringfunding.com, designed to give borrowers and qualified investors...
Read Story
February 11, 2016, 07:23 AM
|
PayNet, the leader in small business credit assessment, announces the PayNet Small Business Default Index (SBDFI), an economic indicator designed to gauge small business defaults and signal insolvency across multiple sectors of the economy at the...
Read Story
February 09, 2016, 07:38 AM
|
Balboa Capital released the results of its winter small business survey, and they indicate that a sizeable number of small business owners had a successful 2015 and think the United States economy met expectations. The survey, which was sent to a...
Read Story
February 03, 2016, 07:28 AM
|
BlueVine, a leading online provider of working capital financing to small businesses, announced it has closed $40 million in funding, bringing the company’s total funding to $64 million to date. This Series C funding was led by an investment from...
Read Story
January 20, 2016, 07:43 AM
|
An article appearing on CFO.com notes that U.S. small businesses’ access to capital at its highest level since 2012, but demand for funding is down. The CFO.com article cites the latest results from Dun & Bradstreet and Pepperdine University’s...
Read Story
December 18, 2015, 07:47 AM
|
Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth.Closing this financing round enables Bizfi to:
Expand its suite of funding programs...
Read Story
December 16, 2015, 07:33 AM
|
OnDeck announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.Small business...
Read Story
October 21, 2015, 07:54 AM
|
In a recent national survey, only 33 percent of business owners said they have a formal business plan, yet those with a plan also have significantly higher expectations for the year ahead than those without. These results were among survey findings...
Read Story
April 30, 2015, 07:34 AM
|
On Deck Capital announced it has expanded its small business lending services in Canada. Since 2007, OnDeck has delivered over $2 billion (USD) to American small businesses in more than 700 industries and has been lending in Canada since 2014. As...
Read Story
April 28, 2015, 07:22 AM
|
Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications...
Read Story
April 14, 2015, 07:23 AM
|
Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in February 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan...
Read Story
March 18, 2015, 07:26 AM
|
Primed for a year of expected growth, Bibby Financial Services has appointed Christopher Kudrna as Head of Sales for the company's Small Business Unit, based in Lombard, IL. In his new role, Kudrna will be responsible for accelerating revenue growth...
Read Story
March 10, 2015, 07:49 AM
|
Newtek Business Services, The Small Business Authority, announced its lending subsidiary, Newtek Small Business Finance, Inc., closed an additional $23 million in financing, which will increase its existing revolving credit facility to $50 million...
Read Story
October 31, 2014, 07:29 AM
|
LiftForward, Inc. announced the hire of Christine Reilly as the LiftForward’s Chief Risk Officer. Reilly has more than thirty years of experience in the financial services industry including nearly six years as the President of CIT Group Inc.'s Small...
Read Story
September 19, 2014, 07:17 AM
|
National Funding, one of the country’s largest private lenders of small business loans, announced that on July 31, 2014, the company entered into a Loan and Security Agreement deal with CapitalSource, a division of Pacific Western Bank. CapitalSource...
Read Story
September 09, 2014, 07:34 AM
|
Square has secured an investment from Victory Park Capital to significantly expand Square Capital. This small business financing program helps businesses grow by giving them access to funds in a quick and simple way. The investment will allow Square...
Read Story
August 20, 2014, 07:03 AM
|
July’s Optimism Index technically rose 0.7 points to a reading of 95.7. There was little change in the 10 Index components other than outlook for expansion and business conditions which accounted for the small gain in the Index. Even though these...
Read Story
August 15, 2014, 07:02 AM
|
Quick Bridge Funding recently closed a $35 million credit facility with a Southern California bank. The financing will be used to expand Quick Bridge Funding’s short-term working capital loan programs.Quick Bridge Funding provides short-term term...
Read Story
June 16, 2014, 07:26 AM
|
Merchant Cash and Capital (MCC), a pioneer and leader in the small business financing industry, announced that it has expanded its secured term loan to $75 million through a consortium led by Comvest Partners’ Comvest Capital II debt fund. Coupled...
Read Story
March 27, 2014, 07:09 AM
|
Eastern Funding LLC, one of the country's leading commercial finance companies, has achieved a new milestone in financing small business loans. With customers operating in multiple industries across the United States, Eastern Funding's $1 Billion in...
Read Story
March 19, 2014, 07:19 AM
|
Ward Mooney, CEO of Crystal Financial LLC, announced today that Crystal Financial SBIC LP has received a license from the Small Business Administration to form a Small Business Investment Company and has closed its first investment in this new fund. ...
Read Story
January 29, 2014, 07:32 AM
|
Dealstruck, Inc. announced the launch of its asset-based line of credit product (ABL) to provide flexible working capital to growing small businesses. This makes Dealstruck the first crowdlending platform to offer businesses and investors the...
Read Story
January 13, 2014, 07:29 AM
|
Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan...
Read Story
January 09, 2014, 07:44 AM
|
BusinessUS has announced the hiring of 27-year SBA lending veteran Stephanie Bitters as Chief Credit Officer and Chief Operating Officer. Bitters joins veteran small business lenders Norris Lozano (CEO), Antonio “AZ” Zate, and Tara Johnson on the...
Read Story
December 30, 2013, 07:29 AM
|
A new survey conducted by Balboa Capital reveals that 95% of business owners in the United States will need additional working capital for their companies during the next 12 months. Balboa Capital sent its online survey to more than 300,000 business...
Read Story
November 25, 2013, 07:12 AM
|
Small-business owner optimism did not “crash “ in September, but it did fall, dropping 0.20 from August’s (corrected) reading of 94.1 and landing at 93.9. The largest contributing factor to the dip was the significant increase in pessimism about...
Read Story
October 10, 2013, 07:11 AM
|
A majority of small- and medium-sized businesses (85%) say they have the resources they need to expand their exporting operations, according to a survey by Bibby Financial Services."It has taken some time for President Obama's National Export...
Read Story
September 13, 2013, 07:11 AM
|
HSBC Bank USA announced a $1 billion, 18-month dedicated loan program for small and medium size U.S. businesses looking to export or expand internationally, to help companies find global growth opportunities and to further accelerate global business...
Read Story
July 16, 2013, 07:56 AM
|
Capital Access Network, Inc. (CAN) has added $165 million to its line of credit from a syndicate of premier financial institutions, now including Capital One, Amalgamated Bank, Regions Bank, Capital Source and AloStar. These banks join Wells Fargo...
Read Story
May 22, 2013, 08:04 AM
|
The Federal Reserve Bank of New York released its latest Small Business Credit Survey, which provides data and insight into the credit experiences of more than 800 small businesses in New York, New Jersey and Connecticut. Results suggest the ability...
Read Story
May 14, 2013, 07:18 AM
|
Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Lending approvals jumped in April after...
Read Story
May 10, 2013, 07:31 AM
|
Kabbage, Inc., an online provider of small businesses financing, has closed a $75 million credit facility, its largest financing transaction to date. Victory Park Capital (VPC) led the debt financing, while existing equity investor Thomvest Ventures...
Read Story
April 03, 2013, 07:16 AM
|
World Business Lenders (WBL), a lender to small businesses, announced that it closed a credit facility with Harvest Capital Credit. According to the company, the financing will be used to increase its lending to small businesses across the...
Read Story
March 25, 2013, 07:11 AM
|
Small-business owner confidence continues to drag, according to the National Federation of Independent Business (NFIB) Small Business Optimism Index. The Index gained 0.9 points, rising to 88.9, failing to regain the losses caused by last month’s...
Read Story
February 13, 2013, 07:04 AM
|
Reuters reported that lending to small U.S. businesses plunged in September to the lowest level in 14 months. According to the report, the Thomson Reuters/PayNet Small Business Lending Index, which measures the overall volume of financing to small...
Read Story
November 01, 2012, 08:00 AM
|
Reuters reported that lending to small U.S. businesses rose in August for a second straight month providing a sign the economy may have been regaining its footing even before the U.S. central bank's latest round of stimulus.According to the report...
Read Story
October 02, 2012, 07:00 AM
|
The National Association of Manufacturers (NAM) and the National Federation of Independent Business (NFIB) announced the results of a nationwide survey of small businesses and manufacturers. The results cast a harsh light on the state of the U.S....
Read Story
September 26, 2012, 06:00 AM
|