Later this year cardholders will be able to access loans from JPMorgan Chase through “My Chase Plan” which features a...
CreditMate is a Mumbai based fintech startup; they help dealers and financiers provide vehicle loans to those with no formal credit history; Paytm plans to partner with the firm as part of the investment. Source
Funding Circle’s SME Income Fund has closed a funding deal with Citibank; according to the AltFi, “Under the terms of the agreement Citibank London will provide £50m of funding into the transaction, by entering into a senior, floating rate loan. The fund will contribute a portfolio of existing UK small business loans at par, and in return shall receive ?the approximately £50m of cash to be deployed in accordance with its investment policy, and junior notes.” Source
It has been an interesting to say the least as we have watched everything play out with the Paycheck Protection...
Salt Lending has written a blog post sharing the immense amount of interest in their blockchain backed loans; since launching on December 28th, 2017 they have issued $23 million in loans yet there is still demand of over $1.3 billion; the company is working on scaling and automating processes, but is focusing on addressing existing demand before adding new members. Source
Writing in Forbes, Brock Blake, the CEO of Lendio shares the good, bad and ugly of the Paycheck Protection Program;...
According to National Mortgage News nine lenders including loanDepot were warned last year that they could be removed from the...
Fig is an alternative to the predatory loans that are often offered to low-income borrowers; now they are the first...
The lending partnership with allow small and medium sized businesses who sell products eBay to access capital; it is made...
American Banker reports on the Small Business Administrations lending programs; loan volume for the 7(a) working capital program increased 5% in fiscal 2017 to $25.4 billion; the 7(a) program has increased by almost 70% since 2012; the 504 real estate program increased 6.3% over the prior year period; American Banker discusses the increase of loans to minorities, the biggest markets for SBA loans and the biggest banks in the space. Source