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Industry News - April 10, 2019
April 10, 2019
CDFI Fund Releases Annual Report on Activities
According to the report, CDFI program awardees reported more than $11 billion in lending and investment activity, which financed nearly 16,000 businesses in 2018.
Source: Novogradac
Trump to Nominate Jovita Carranza as SBA Administrator
Carranza, who previously served as deputy administrator during the George W. Bush administration, has been nominated to replace Linda McMahon as the SBA Administrator.
Source: CNN
‘Feverpitch:’ Small Biz Competition for Black Entrepreneurs
3rd Party Media Corp. is now accepting entries for “FeverPitch,” a small business pitch competition that will be hosted on its business networking platform, BlackConnect.com. Final submissions are due April 30th.
Source: Electronic Urban Report
SoLo Funds Announces Mastercard Integration to Expand Access to Affordable Loans
This peer-to-peer lending platform announced a Mastercard integration that enables users to link their debit bank accounts to the SoLo Funds platform for faster, more seamless lending transactions under $1,000.
Source: Compelo Banking
Online Lenders Put Small Banks in a Bind
Research says more than a quarter of the peer-to-peer dollars loaned over the internet today would’ve traditionally been handled by small commercial banks before the advent of online lenders.
Source: Roll Call
