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Paynet, Inc. President & Co-Founder William Phelan looks at the reasons behind this and the true cost of the small business credit gap.
In an age of slow growth and low interest rates, this community bank is turning to specialty finance.
Is Kabbage a competitor, or a potential collaborator that could help banks increase their consumer and small business lending?
Banks must expand their technology tool set, especially when originating small business loans.
This article describes how technology can impact things like banker satisfaction, employee retention, morale and performance.
If the economy’s backbone is small business, then small business’ backbone is community banking.
If financial institutions want to preserve and grow their SMB lending business, they will need to revisit two aspects of their loan origination strategy.
Chip Mahan tells the story of how Live Oak Bank needed a cutting edge lending platform, and decided not to hire an outside vendor, but to create the platform itself.
Banks like Huntington Bancshares use the Small Business Association’s 7(a) loan guaranty program to serve borrowers who otherwise might not get credit.
What’s standing in the way of entrepreneurs borrowing from a traditional bank?
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