Industry News - November 20, 2018

November 20, 2018

PayPal and Square Quietly Grow Small Business Lending Using Data as Their Edge Over Banks

The tech companies have access to transaction history of sellers on their platform and often use that merchant's sales data instead of a credit score – an advantage over some U.S. banks.

Source: CNBC


Big Banks Hit Record High Small Business Loan Approval Percentages in October

Small business loan approval rates for big banks reached another record high in October 2018, according to the Biz2Credit Small Business Lending Index.

Source: ABL Advisor


ApplePie Capital Milestone: Surpasses $300 Million in Franchise Business Loans

The company provides a wealth of financial choices for franchise entrepreneurs, with a diverse and growing network of capital providers and financing solutions, including growth capital, SBA and conventional loans, and equipment financing.

Source: Crowdfunding Insider


Google, National Business League Partner to Support Black Entrepreneurs

Google Inc. and the oldest trade association for black businesses in the United States are partnering to provide training programs, mentorship and technology access to small businesses.

Source: The Detroit News


Spotlight on Linda McMahon, Head of the U.S. Small Business Administration

During a tour of several of the SBA's West Coast district offices, McMahon sat down with local entrepreneurs to discuss the direction of the SBA under her leadership. 

Source: Sacramento Business Journal 


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