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KBRA | September 07, 2022
KBRA releases research on the small business loan asset-backed security (ABS) sector, with a special focus on online small business loan ABS, which KBRA defines as deals where the collateral pool consists of assets with an initial receivable balance of $1 million or less. Small businesses saw their revenues drastically curtailed or even ceased permanently due to the COVID-19 pandemic. To alleviate some of the fallout, the U.S. government provided stimulus money through Paycheck Protection Progra...
Novae LLC | November 29, 2021
If you've tried to pay for goods or services in America lately, you may have learned how indispensable a bank account can be. A growing number of businesses and institutions will only accept payment through electronic funds transfers from a bank, and may even refuse to do business with someone who can only pay in cash.
This is bad news for the roughly 14 million American adults who, by choice or necessity, don't have a bank account. The unbanked increasingly find themselve...
Small Business Advice
Bookkeeper360 | January 15, 2021
Bookkeeper360, a fintech company focused on accounting and warning answers for small businesses, today declared $1 million in seed financing. The round backings an expansion in speculator certainty for small business fintech arrangements and brings Bookkeeper360's absolute capital subsidizing to $2.1 million since dispatch.
This most recent round of subsidizing will be utilized to help the development and proceeded with item improvement of the association's current Busines...
Lendio | July 02, 2020
Lendio, the nation’s leading marketplace for small business loans, today announced it has facilitated $8 billion in Paycheck Protection Program (PPP) loans for 100,000 small businesses to date. Partnering with 300 SBA-approved financial institutions and fintech lenders across the country, Lendio has helped secure COVID-19 relief funds for many underserved segments of the small business community. Lendio released a report today highlighting the impact of PPP loans facilitated through its pl...
Small Business Trends
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