Source: Forbes
America’s largest banks have been shrinking their branch networks for the past several years, mostly by cutting back in relatively poor neighborhoods, according to a report in the LA Times. The report said that consumer advocates are warning that the closings risk widening the wealth gap by leaving scores of low-income areas with less competition for banking services such as personal checking and small-business lending.
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March 23, 2019 | admin
Source: Wisconsin State Journal
“Women are the entrepreneurial leaders in Madison.”
That’s what Amy Gannon said, after the Doyenne Group’s 5X5X5 pitch contest on Wednesday — part of the eight-day Forward Festival celebrating entrepreneurship and innovation.
But at least two female CEOs in Madison say in the larger scheme of things, women entrepreneurs still have a lot of ground to make up — particularly, women of color.
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August 26, 2018 | admin
Source: Nasdaq
Fintech is throwing banks another curveball. Kabbage on Thursday outlined how it has handed over around a fifth of the $5 billion it has lent to small businesses since 2009 at night or over the weekend. It’s one more way technology is upending the industry.
It’s no surprise that small-business owners aren’t nine-to-fivers. Just ensuring the core work gets done typically demands long hours, which leaves them nights and weekends for sorting out the paperwork for finances and the like. That’s often the case for individuals applying for anything from car loans to mortgages, too.
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July 6, 2018 | admin
Source: AP
ATLANTA (AP) — Lending for small businesses is at an all-time high in Georgia.
A recent report released by the Georgia Small Business Administration shows that $1.41 billion was loaned in the state last year.
In the last two quarters ending March 31, $650 million in loans were disbursed to small businesses statewide.
“The lending environment is much better than it was 10 years ago,” said Drew Tonsmeire of the UGA Small Business Development Center at Kennesaw State University, says the lending environment is much better than it was 10 years ago.
He said businesses are able to access different sources of funding aside from banks, such as SBA loans and lines of credit from online lenders.
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June 1, 2018 | admin
Source: Cision PRWeb
Seek Capital is the leading company for startup business funding in the United States. Lendza is a funding request service that matches small business owners seeking capital with a suitable lender. Today, the two companies are proud to announce a new partnership where Lendza will start connecting small business owners looking for startup business loans with Seek Capital.
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May 27, 2018 | admin
