The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. The organization expected to make close to $10 million in loans every month, serving 3,000 to 4,000 small-...
When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed...
October 01, 2019
When the economy crashed in 2008, and fully bottomed out in June 2009 credit across the board froze. Consumer, enterprise and SMB lending all ground to a near halt and underwriters across the spectrum struggled to regain equilibrium after a crisis in mortgage underwriting bloomed into a plague that destabilized the entire global economic system. […]
July 06, 2020
Discover Financial Services has launched a $5 million program targeting Black-owned restaurants. The move comes against the backdrop of the COVID-19 economic crisis and the Black Lives Matter protests that have swept the country. The Riverwood, Illinois company said the move was “an effort to support the restaurant industry as it rebounds” from the pandemic […]