Personal loans: How fintech has reformed instant lending ecosystem — 8 key changes
Several fintech firms host online platforms and mobile apps to facilitate loan applications, thus lowering the need for ...
American Banker1d
SBA approves new wave of SBLC 7(a) lenders
On her way out the door, SBA Administrator Isabel Casillas Guzman issues licenses to four more nondepository lenders.
Government Funding Included Relief For Hurricane-Impacted Businesses
Congress passed a CR that includes $2.2 billion to restore funding in the SBA disaster loan fund that was depleted because of ...
In a Surprise, the SBA Grants 4 New SBLC Licenses
The number of SBLC licenses had been capped at 14 since 1982. But all that changed last year when a new SBA rule lifted a 40-year moratorium that prevented it from inviting any new lenders into the ...
3 Predictions For How SMBs Should Prepare For Growth In 2025
Small business owners have navigated an unprecedented last few years of bank collapses, a tepid funding landscape, and ...
devdiscourse1d
Sundaram Home Finance Expands with New Branches in Andhra Pradesh
Sundaram Home Finance plans to expand its presence in Andhra Pradesh by opening 12 new branches in a year as part of its ...
devdiscourse1d
Top Factors that Influence Business Loan Interest Rates
Creditworthiness is one of the major factors that influences business loan interest rates. Lenders consider both personal and ...
Flood victims have until Jan. 7 to apply for SBA assistance
The U.S. Small Business Administration (SBA) is encouraging victims of Hurricane Helene to apply for physical damage loans ...
UPDATE SBA Strengthens Lending Network with New Public-Private Partnerships
With this second expansion of four new SBLC licenses, SBA now has expanded the network from 14 SBLCs to 20 SBLCs helping to bring capital to new markets.