BNB Partners with PayNet to Digitize Loan Approval Process

BNB Bank tapped PayNet to digitize the bank’s loan approval process, utilizing the latter’s Credit History Report and MasterScore v2 platform.

Fintech Lender Trade Associations Merge to Form ILPA

The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) are merging and will operate as the ILPA – the trade organization representing online lending and service companies serving small businesses.

U.S. Small Business Lending Down in May

The May 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) decreased by 1% in May, falling to 128.6 from the 129.5 April reading. It marks the third consecutive month of decrease.

PayNet Adds Small Business Default Index to Family of Economic Indicators

PayNet has developed a Small Business Default Index, which will gauge small business defaults and signal insolvency across multiple sectors of the economy at the national, state and industry levels.

PayNet SBLI Falls 5% as Small Business Investment Stalls

The October Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased by 5% to 131.7 compared to September’s value, which was restated from 140.4 to 137.9.

U.S. Small Business Lending Investment Reaches All-Time High

The April data release of the Thomson Reuters/PayNet Small Business Lending Index increased 8% from 130.5 in March 2015 to 141.5 in April 2015, reaching an all-time maximum value.

PayNet: Small Business Lending Index Up 7%

The February release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 7% over February 2014. The SBLI decreased 3% from 122.4 in January 2015 to 119.2 in February 2015.

PayNet: Small Business Lending Slows

The November release of the Thomson Reuters/PayNet Small Business Lending Index increased 1% compared to November 2013, suggesting growth at a more moderate pace.

PayNet: Small Business Lending Picking Up Momentum April 2014

The latest data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI) shows small business investment gathering steam. The SBLI registered 126.5 in April 2014, an 18% increase over April 2013.

PayNet Canadian Q1 Trends: 2014 Slowing Investment, Risk Return

Commercial borrowing by small and medium-sized businesses in Canada moderated in Q1/14 but was still above the Q1/13. The Canadian Business Lending Index which measures the volume of new commercial loans and leases to small businesses declined 1% to 220 from Q4/13.