PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. “We have seen small businesses destroyed by online lending.” “We have seen small businesses destroyed by online lending.”

Lending 136

Lending New York Online New Jersey 136

PopularBank

JUNE 10, 2021

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.

New Jersey 98

New Jersey New York Florida Community 98

PYMNTS

FEBRUARY 7, 2020

According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources.

Austin 131

Austin Lending New York City Omaha 131

American Banker

NOVEMBER 8, 2024

The added capital will help the New Jersey-based regional bank reduce its commercial real estate footprint faster and give it wiggle room to grow elsewhere, analysts said.

Capital 41

Capital New Jersey Regional Lending 41

PopularBank

OCTOBER 13, 2020

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Backed by prominent Black and Latinx investors, NWK FAM Fund aims to raise $100 million total in investible capital. John Harmon. Carlos Medina.

New Jersey 52

New Jersey Community NJ New York 52

PYMNTS

JULY 3, 2017

Square already securitizes its SMB lending debt that way. Consumer lending with Square will be getting a test drive in six U.S. states: California, Colorado, Florida, New Jersey, New York and Virginia — and will be on offer to sellers who use Square Invoices. LendUp Gets a New (Pay)Pal.

Lending 100

Lending New Jersey Colorado Virginia 100

American Banker

DECEMBER 1, 2020

Elizabeth Magennis recently served as the New Jersey company's chief lending officer. ConnectOne also hired Michael O'Malley, a former OnDeck Capital executive, as chief risk officer.

New Jersey 42

New Jersey Lending Capital Company 42

PopularBank

OCTOBER 2, 2020

We also secured a total of $100,000 for 14 non-profit organizations and small businesses through the FHLBNY Small Business Recovery Grants Program , which serves to provide relief to organizations in New York and New Jersey. We remain financially strong and look forward to the next 127 years.

Community 98

Community New York New Jersey Meeting 98

PYMNTS

APRIL 2, 2019

The most important of those is the team aspect of the lending: The microloans (usually in the low four-figures) are given to small groups, and all members of the group are accountable for ensuring each member makes payments. Just as importantly, though, they also track their data and monitor how their participants are doing. A Long Journey.

Tools 126

Tools Study Los Angeles New Jersey 126

PYMNTS

JULY 20, 2016

Valor Capital Group, former DHL Express US CEO Hans Hickler and Salazar are all previous investors who also participated in the round. “I . “In an ideal world,” he said, “CargoX would work with more and more truckers in that exclusive capacity.” Not a bad month for B2B, which, as a sector, has traditionally been a laggard.

New Jersey 100

New Jersey National Trends Community Bank 100

PopularBank

MARCH 11, 2020

Leveraging its institutional depth, Popular Bank works side-by-side with business and retail customers delivering competitive business and retail offerings including Retail and Private Banking , Commercial Lending , Mortgage Services , Association Lending , Healthcare financing , and Middle Market banking.

New Jersey 59

New Jersey New York Florida Lending 59

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. picks up Bancorp of New Jersey, Inc. The Tech Award – Goes to Capital One.

Idaho 148

Idaho Conference Data Marketing 148

Jeff For Banks

MARCH 13, 2010

Franklin Financial Services Corporation, parent company for F&M Trust Bank in Chambersburg, Pennsylvania, invests in the Franklin Future Fund, a non-bank investment company that makes venture capital investments in the Cumberland, Franklin, Fulton, and Southern Huntingdon counties.

New York 60

New York New Jersey Community Pennsylvania 60

Jeff For Banks

MARCH 13, 2010

Franklin Financial Services Corporation, parent company for F&M Trust Bank in Chambersburg, Pennsylvania, invests in the Franklin Future Fund, a non-bank investment company that makes venture capital investments in the Cumberland, Franklin, Fulton, and Southern Huntingdon counties.

New York 60

New York New Jersey Community Pennsylvania 60

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. Unlike Oportun, traditional lenders usually look at your credit score when making a lending decision. Designed for borrowers with no credit.

Idaho 52

Idaho Lending Alabama Nevada 52

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 60

FDIC Community Bank Regulation Lending 60

Fintech Labs Insights

JULY 30, 2024

What you’ll need to qualify: 6+ months time in business | 500+ credit score | $15K minimum monthly bank deposits | 3 most recent months’ business bank statements Get Started NEW : Looking for digital banks, lenders, payment providers, insurance or digital accounting for small businesses? Why Credibly? 300 reviews, up 30 since Nov) 6.

Atlanta 29

Atlanta Utah Miami San Francisco 29

Gonzobanker

DECEMBER 19, 2022

2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Let’s see how this new scale allows for big investments in future innovation. Well, except for the ones who didn’t.

Community 216

Community Fintech Industry Innovation 216

Jeff For Banks

DECEMBER 29, 2021

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Silvergate Capital Corporation (NYSE: SI) Here we are again. Silvergate had $150 million in total revenue over the past twelve months, and has a market capitalization of $4.7 Live Oak Bancshares, Inc.

Capital 78

Capital Texas Metro North Carolina 78

Fintech Labs Insights

MAY 15, 2015

Vouch landed $6 million to help put the “first P” back in P2P lending. In total, 14 companies raised $160 million (not counting the undisclosed amount Square raked in to fund more alt-lending to its SMB customers). Online lending ( Paidy ). Lending social network. HQ: Middletown, New Jersey.

San Francisco 12

San Francisco Company Fintech California 12

Fintech Labs Insights

AUGUST 8, 2016

HQ: New York City. HQ: Jersey City, New Jersey. Tags: Institutions, underwriting, commercial lending, loans, information, BI, API. Platform for investing in early-stage startups. Latest round: $14.4 million Debt. Total raised previously: Unknown. Source: Crunchbase. OK Car Insurance. Online automobile insurance.

Company 12

Company Fintech New York City blockchain 12

PYMNTS

DECEMBER 7, 2018

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.

Analytics 176

Analytics Data Capital Software 176

Gonzobanker

DECEMBER 20, 2018

Cross River Bank in New Jersey ($1.1B) has found a nice niche providing back-end decisioning and servicing solutions for fintech lenders such as Affirm, BestEgg, Coinbase and TransferWise. Capital One quit mortgage late in 2017. This award goes to Ally Bank ’s mind-numbingly fast growth in its auto lending unit.

Fintech 100

Fintech Conference Innovation Community 100

PYMNTS

MAY 16, 2019

They have dubbed the bank as a purveyor of “corporate welfare” and “crony capitalism,” Reuters reported. Senate Republicans previously rejected President Trump’s first domination as EXIM Bank chair, Representative Scott Garrett from New Jersey, reports in The Hill said earlier this month.

US 128

US Alabama New Jersey Utah 128