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Improve loan decisioning: 5 ways to serve small businesses better

Abrigo

Community financial institutions have the expertise and local ties to support small businesses, but outdated processes and risk-averse approaches often slow down their loan decisioning. Understand and meet borrower expectations For community financial institutions (CFIs), small business lending presents both a challenge and an opportunity.

Lending 195
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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

Key Takeaways Beneficial State Bank, a Community Development Financial Institution (CDFI) was able to award SBA approval for 333 Paycheck Protection Program loans worth $94.5 The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans.

Security 195
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Empowering Futures: Popular Bank partners with Bottomless Closet for first-time homebuyers.

PopularBank

Popular Bank believes in the power of community and the importance of supporting initiatives that uplift individuals and foster success. From resume support and interview practice to workshops on technology and financial literacy, Bottomless Closet is committed to providing tailored services that meet the unique needs of each client.

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Helping credit unions grow organically: Proper software implementation & integration

Abrigo

The implementation of lending software, like that provided by Sageworks to community banks and credit unions, requires a similar, systematic approach for onboarding. This could include case study preparation, onsite training, web-conferencing, workshops with other institutions and ongoing User Groups.

Software 150
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Connecting Small Banks To The Mobile Future

PYMNTS

Most regional and community banks aren’t in the position to develop cutting-edge mobile banking products in-house. If you’re local and small, you’re much more accessible to your customer, and that is a major part of the draw for community banks — the personal relationship,” Fossella told Karen Webster in a recent interview.

Mobile 100
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FTC sends 2016 ECOA report to CFPB

CFPB Monitor

The first forum focused on marketplace lending and examined how marketplace lending operates, potential consumer benefits, consumer protection issues, and the potential applicability of various consumer protection laws. Report on fraud in African American and Latino communities. Changing demographics workshop.

Report 68
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Eyes Facing Forward

Independent Banker

ICBA has planned an educational lineup of more than 60 workshops and networking sessions for next month’s Community Banking LIVE conference in New Orleans. Many workshops will address changes shaping our industry today as well as its future. Here’s what three of those forward-looking workshops will be covering.