HSBC Bank, part of HSBC Group, is working with Biz2Credit to provide small business owners quicker and easier access when applying for business financing with the Biz2X Platform by Biz2Credit.
Small business loan approval percentages at big banks, or those with $10 billion or more in assets, dropped slightly from 13.5% in September to 13.3% in October, according to the latest Biz2Credit Small Business Lending Index.
According to a study from Biz2Credit, sales of Latinx-owned businesses dropped 42% in March and April and are down 21% during the 12-month period from Sept. 16, 2019 to Sept. 15, 2020.
Small business loan approval percentages at big banks dropped slightly from 13.6% in August to 13.5% in September, which is indicative of the struggles that small businesses are facing, according to the latest Biz2Credit Small Business Lending Index.
ACAP SME, an SBA-approved non-bank lender and national loan aggregator (purchaser) of Paycheck Protection Program (PPP) loans, in partnership with The Loan Source, ACAP’s servicing team, signed a deal to utilize Biz2Credit’s Biz2X PPP Forgiveness Platform.
The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options.
Small business loan approval percentages at big banks with more than $10 billion in assets and small banks dropped slightly in August 2020, an indication that the upward trend that began in May has plateaued, according to the Biz2Credit Small Business Lending Index.
Biz2Credit launched a partnership with Sage to provide business financing capabilities to their Sage Accountants Network (SAN) and small business clients
Biz2Credit is among the firms on Inc. magazine’s annual Inc. 5000, a ranking of the nation’s fastest-growing private companies. Biz2Credit is No. 3,400 on the 2020 list.
The approval percentage for small business loan applications at big banks (more than $10 billion in assets) rose three-tenths of a percent from 13.5% in June to 13.8% in July, according to the Biz2Credit Small Business Lending Index.