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

Deep Dive: Why Microbusinesses Could Be The Next Innovation Frontier For Credit Unions
Deep Dive: Why Microbusinesses Could Be The Next Innovation Frontier For Credit Unions
August 28, 2020  |  Credit Unions

Credit unions are keeping microbusinesses front and center as they plan for future technological innovations. Microbusinesses usually generate just $250,000 to $1 million annually, but they...

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Australian Bank Debuts BizExpress To Speed Up SMB Financing
Australian Bank Debuts BizExpress To Speed Up SMB Financing
August 27, 2020  |  B2B Payments

Commonwealth Bank of Australia (CBA) has introduced a new digital service that expedites the distribution of pandemic-related loans, allowing small- to medium-sized businesses (SMBs) to...

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How CUs Assist Microbusinesses With Navigating COVID-19 Recovery
How CUs Assist Microbusinesses With Navigating COVID-19 Recovery
August 27, 2020  |  Credit Unions

The pandemic-related downturn is threatening microbusinesses’ very survival, with many turning to credit unions to seek assistance, says Andrea Mosher, senior vice president of lending...

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Credit Unions Help Microbusinesses Go Digital To Stay Afloat
Credit Unions Help Microbusinesses Go Digital To Stay Afloat
August 26, 2020  |  Credit Unions

The United States is home to more than 30 million microbusinesses, and these firms play a critical role in shaping the nation’s economy. These businesses have...

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Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
Xero To Buy SMB Financing Platform Waddle For Up To $57.5M
August 25, 2020  |  B2B Payments

As it aims to expand its small business platform, accounting software provider Xero plans to acquire cloud-based lending company Waddle through an arrangement valued as...

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Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely
Deep Dive: How FinTechs Harness Machine Learning To Approve SMB Loans More Quickly And Safely
August 20, 2020  |  Payments Powering the Platform Economy

Small- to medium-sized (SMBs) are the backbone of the American economy: 30.7 million SMBs operate across the country and account for 64 percent of new...

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The Time Store On The Challenges Involved In Digital SMB Financing
The Time Store On The Challenges Involved In Digital SMB Financing
August 19, 2020  |  Payments Powering the Platform Economy

Digital-first businesses that need capital as a cushion for lumpy cash flow find tapping their banks for funds can be tedious and slow, says Abe...

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New Report: Slow Loan-Approval Processes Drive SMBs To FinTechs
New Report: Slow Loan-Approval Processes Drive SMBs To FinTechs
August 18, 2020  |  Payments Powering the Platform Economy

The global eCommerce market is a juggernaut, containing up to 24 million sellers and 2 billion digital buyers, with sales expected to reach $4.13 trillion...

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