May 26 – Raddon, a Fiserv company and provider of innovative research, insightful analysis and strategic guidance to financial institutions, has published research that shows the majority of small businesses are planning for growth, which they anticipate funding through lines of credit and business loans. According to the Raddon Research Insights: Winning Small Business Customers study, 79 percent of small businesses plan to grow over the long term, which could create lending opportunities for financial institutions.
Search Results: Lending
The Consumer Financial Protection Bureau is looking into ways to gather and use new and existing information to identify the financing needs of small businesses, especially those owned by women and minorities. (more…)
May 16 – The Consumer Financial Protection Bureau is looking into ways to gather and use new and existing information to identify the financing needs of small businesses, especially those owned by women and minorities. (more…)
April 25 – Agricultural lending continued to decline in the first quarter of 2017, according to the Ag Finance Databook, released by the Federal Reserve Bank of Kansas City. The quarterly report said economic conditions in the farm sector remained weak, causing borrowers to reduce spending on farm inputs in response to persistently low profit margins. (more…)
April 3 – The negative impact of regulation on business production and consumer credit availability was cited by 95 percent of respondents to the American Bankers Association’s 24th annual Real Estate Lending Survey. Released at the ABA’s Real Estate Lending Conference in Orlando, the survey revealed that 91 percent of the typical bank’s mortgage loans made last year were qualified mortgages. This finding indicates a sharp decline in the extension of non-qualified mortgages, with the average percentage of non-QM loans falling from 14 percent in 2015 to 9 percent in 2016. (more…)
March 20 – DH Corporation, a leading provider of technology solutions to financial institutions globally, has launched Total Lending Small Business, a new digital, mobile-first lending solution designed to boost profitability of financial institutions and improve the lending experience for small business owners across the United States. Now, banks and credit unions can deploy an intuitive, online loan application for small businesses, enabling more application throughput than the traditional paper-based branch model.
March 7 – LendingPoint, the company working to revolutionize access to credit, has announced a partnership with FinWise Bank that allows the company to offer its full suite of loan products to customers nationwide.
By Charles Upchurch
Far too often, young athletes find themselves starting their professional careers needing to borrow money to keep themselves afloat until proceeds from their contracts roll in. But for some players, a limited credit history can make the lending market treacherous territory to navigate.
In the current lending environment, many financial institutions are looking to commercial real estate to drive growth in their portfolios. As a result, competition to win deals is intense. It is critical, however, for banks growing their CRE portfolios to satisfy regulators’ concerns over risk management of those loans. Best practices related to origination, lending strategy and portfolio management can ensure profitable CRE portfolio growth and satisfy regulators that institutions are lending responsibly.
THE CRE LENDING SURGE
Commercial real estate is the largest lending category for U.S. banks, and the category has experienced tremendous growth — especially since the financial crisis. “Since the trough in CRE lending in mid-2012, CRE loans outstanding have increased to $3.6 trillion and now represent 19.8 percent of national GDP,” according to researchers with the Federal Reserve Bank of Philadelphia. And over the past 20 years, the share of CRE loans in the portfolios of midsize and small banks has roughly doubled, the researchers said.
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November 18 – Sageworks, a financial information and analytics company that provides lending, credit risk and portfolio risk solutions, recently debuted an online platform for small business lending.