Industry News - November 6, 2018

November 6, 2018

What Issues are Small Business Owners Taking to the Polls Today? 

While campaign season has a tendency to bring up anxieties and concerns for the future, small business owners are largely optimistic. 

Source: Business News Daily 


SBA and VA Join Forces to Advance Entrepreneurship Opportunities for Veterans 

Administrator McMahon and Secretary Wilkie signed a Memorandum of Understanding to scale a new joint pilot program that offers intensive management and leadership training for Veteran entrepreneurs.  

Source: Forbes 


Popular Bank Announces Partnership to Expand Small Business Financing Solutions with Fintech Provider Biz2Credit 

Through this relationship, Popular Bank will leverage Biz2Credit’s patented analytics and technology platforms to process small business loan requests. 

Source: GlobeNewswire 


How Machine Learning Is Quietly Transforming Small Business Lending 

Traditional metrics aren’t the best predictors of whether a small business can repay a loan. Enter machine learning, which has the potential to transform financial institutions from the inside out. 

Source: Forbes 


NCUA awards $2M in grants to 203 low-income Credit Unions 

Grant awards ranging from $1,300 to $20,000 were made to credit unions in 42 states and the District of Columbia. 

Source: Credit Union National Association 


OakNorth: How AI Can Fuel Banks’ Return to SMB Lending 

Large banks are struggling to overcome the challenges of small business lending, and it often comes down to data.  


Share this...