Lending

In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.

Source: en.wikipedia.org

NYMBUS Accelerates SBA Loan Processing For Banks

NYMBUS Accelerates SBA Loan Processing For Banks
NYMBUS Accelerates SBA Loan Processing For Banks
March 31, 2020  |  B2B Payments

A new program from NYMBUS will help small- to medium-sized businesses (SMBs) affected by the coronavirus pandemic apply for loans through an online portal, according...

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Automakers Push Payments Off 120 Days To Jump Start New Car Sales
Automakers Push Payments Off 120 Days To Jump Start New Car Sales
March 31, 2020  |  Coronavirus

Necessity, as they say, is the mother of invention. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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Lenders Tighten Reins On Loans, Credit For SMBs, Households
Lenders Tighten Reins On Loans, Credit For SMBs, Households
March 29, 2020  |  Coronavirus

As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses and households with...

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UK Banks Criticized For SMB Coronavirus Loan Requirements
UK Banks Criticized For SMB Coronavirus Loan Requirements
March 26, 2020  |  B2B Payments

U.K. government officeholders and companies have chastised financial institutions for requiring personal guarantees for emergency loans that are backed by the state. The mandate puts much...

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SBA Automatically Defers Existing Disaster Loans To Help Borrowers
SBA Automatically Defers Existing Disaster Loans To Help Borrowers
March 23, 2020  |  Coronavirus

To assist borrowers who are paying back U.S. Small Business Administration loans from past disasters, SBA Administrator Jovita Carranza has put into place automatic deferment...

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HSBC, Alibaba Link Up On Quick eCommerce Loans
HSBC, Alibaba Link Up On Quick eCommerce Loans
March 20, 2020  |  Loans

Banking giant HSBC and Cainiao Network Technology, which is a logistics arm of Alibaba Group, have announced they will offer rapid finance approvals to online...

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How Opening Bank Data Can Transform SMB Lending
How Opening Bank Data Can Transform SMB Lending
March 20, 2020  |  B2B Payments

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party...

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Ebury Powers Global Payments For Crédito Agrícola Corporates
Ebury Powers Global Payments For Crédito Agrícola Corporates
March 20, 2020  |  B2B Payments

U.K. payments platform Ebury and Portuguese bank Crédito Agrícola (CA) have forged a partnership to allow the bank to work with more customers online and...

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iwoca Debuts OpenLending Platform For Banks, FinTechs
iwoca Debuts OpenLending Platform For Banks, FinTechs
March 18, 2020  |  B2B Payments

One of the largest business lenders in Europe, iwoca, has announced a new platform called OpenLending that can bring together both FinTechs and banks and...

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