A business owner’s access to small business loans has changed a lot in the last 10 years. Traditional banks and credit unions aren’t the only lenders in the small business lending industry anymore, and loan types have diversified beyond just term loans and lines of credit.
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The founder and president of a defunct Massachusetts mortgage company will spend nearly three years in prison after admitting to defrauding Ginnie Mae out of approximately $2.5 million. Robert Pena.
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An adequate amount of capital is required for the smooth running of any business. However, various small business entrepreneurs struggle to get loans. Though there are various MSME funding schemes and.
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LendingClub is shutting down its 5-year-old business lending arm, which was dwarfed by its flagship consumer loan unit, and will refer prospective commercial borrowers to two partner companies. Under.
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as policymakers push the country’s banks to keep lending to struggling smaller companies even if it risks more bad loans. Chinese banks likely extended 1.2 trillion yuan ($178.78 billion) in net new.
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He leveraged his profits from One Zero into his next startup MyRichUncle, which was a loan product marketed to students by MRU Holdings, Inc. The company was an originator and holder of private.