Remove Capital Remove Community Remove Massachusetts
article thumbnail

Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

Capital 141
article thumbnail

The Case For Localizing Mom-And-Pop Investment

PYMNTS

At the same time, many early stage startups, particularly in the technology sector, still have access to traditional financing, like venture capital and private equity. Last week, small business accounting company ScaleFactor released a new survey on how SMBs access capital. Localizing Capital.

Capital 145
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MainVest On Bringing Everyday Investors To Main Street Shops 

PYMNTS

Big plans generally required big investments — which is why the best-known startup firms in the world have big names in business and venture capital standing behind them with their big checkbooks as backers. Unfortunately, access to capital is a primary factor limiting growth in the small business sector.”

Maine 151
article thumbnail

Crowdfunding, Deferred Loan Payments Jumpstart SMB Relief

PYMNTS

As more government entities introduce measures to aid SMBs, banks and FinTechs have launched their own programs this week to accelerate access to much-needed capital for their SMB customers. have launched new crowdfunding programs to support SMBs’ need for capital. Below is a roundup of some of the most recently announced measures.

Payments 173
article thumbnail

How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

The new Workforce Spend Playbook highlights the newest solutions helping SMBs to more effectively manage their capital, and focus on their expansion ambitions. These organizations face increased demand during the holidays — when they deliver food to communities in need. billion in value by 2025. Inside The Playbook.

Tools 141
article thumbnail

Commercial Real Estate or Business Lending: Which Is Better?

Jeff For Banks

Me: Commercial Real Estate loans are the most profitable product in a community bank's arsenal and have been through various interest rate environments. This was the conversation I had with a senior lender of a client at the Massachusetts Bankers' Association annual convention. But we have work to do.

Lending 78
article thumbnail

The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

It turns out that confidence is more valuable than capital. The ratio would provide a bank’s current core capital position to risk-adjusted assets. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio.