Small Business Lending news and trends

Embracing a Specialist Approach Helps Lenders Overcome Small Business Difficulties
SMBs // August 01, 2024

Small businesses represent 99.9% of American firms, yet effectively financing them remains an ongoing challenge. Small businesses are inherently risky — and many end up being short-lived operations. And while the demand for innovative lending solutions tailored for small and-medium-sized businesses (SMBs) continues to grow,...

Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans
SMBs // June 04, 2024

Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create customized risk management rules and outcomes, letting them make informed lending decisions tailored to specific...

Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
Earnings // April 23, 2024

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over year, reaching a record $3.5 billion. Total company originations for the quarter totaled $1.4 billion,...

Decipher Credit Launches SMB Lending Partnership With Validis
SMBs // April 22, 2024

Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small- to medium-sized businesses (SMBs) go from “application to automated spreading” in seconds, the companies said...

Interviews & Exclusives
GenAI Bridges Small Business Lending Gap

April 18, 2024
An unavoidable truth in business is that it frequently takes money to make money.  And in today’s world, where small and medium-sized businesses (SMBs) often find themselves struggling to secure the capital they need to invest in their growth, innovative solutions are crucial. That’s why for the “AI Effect” series, PYMNTS sat down with MJ Jiang, […]

The Smaller the Business, the Less Interested They Seem in Using Credit — Why?

January 31, 2024
Flexible and accessible borrowing tools are a financial cornerstone for many small to mid-sized businesses (SMBs). PYMNTS Intelligence’s latest study finds that 90% of SMBs have used at least one...

Rethinking The SME Loan Underwriting Model In Southeast Asia

March 10, 2020
The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast...

BlueVine CEO: The Real Value Of Invoice Factoring

June 07, 2018
The landscape in SMB lending is almost totally unrecognizable from what it was even a short five years ago, BlueVine Founder and CEO, Eyal Lifshitz, told Karen Webster shortly after his...

Quick Reads
White House Raises Cap on Small Business Loans

December 01, 2024
The White House says it is making it easier for underserved small businesses to get capital. The Biden administration announced in a news release Friday (Nov. 29) that the Small Business Administration (SBA) had increased the maximum loan amount backed by its Community Advantage Small Business Lending Companies (CA SBLCs) from $350,000 to $500,000 for […]

Rapid Finance Debuts Updates to Fraud Detection Platform for SMB Loans

June 04, 2024
Small business banking platform Rapid Finance has introduced updates to its fraud detection platform Lynx. The platform now has a cloud-based rules engine that lets the company’s enterprise customers create...

Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending

April 23, 2024
Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance receivables increased 23% year over...

Decipher Credit Launches SMB Lending Partnership With Validis

April 22, 2024
Loan origination platform Decipher Credit has teamed up with small business financial data provider Validis. The partnership will allow commercial lenders to extract financial and accounts receivable data in real-time, letting small-...