Asto will now be offering flexible loans for small- to medium-sized businesses (SMBs) on the Funding Options platform, according to a press release. The loans, according to the release, will be like Asto’s usual loans, with SMBs having control over how they use the credit...
Through small business finance broker Funding Options, around 20 alternative lenders will now have the power to receive open banking data directly to begin making loans, AltFi reported Tuesday (April 7). Among the recipient lenders of the new digital practice are Iwoca, Liberis, Just Cashflow,...
In the wake of the government shutdown, several U.S. lawmakers unveil legislation aimed at getting government contractors paid in a timely manner. In addition, Canada struggles with its own late payment challenges, which hits gig workers and the smallest firms, according to a new Interac study.
Alternative small business lending platform Funding Options has criticized U.K. tax authorities’ approach to small businesses that fall behind on tax payments. Reports in AltFi said Funding Options argued that the approach by HM Revenue and Customs (HMRC) to late tax payments is “too aggressive,”...
