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Think You Know Who’s Disrupting the $1.4 Trillion Business Lending Market? It’s Not Who You’d Guess
September 30, 2020A small New York financial technology firm is poised to change the way financial institutions lend money to businesses, forever. This game-changing tech company has big ideas that are transforming the very essence of business lending. The COVID-19 pandemic has exposed a number of weaknesses and inefficiencies inherent to the traditional model of business lending. …
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How Banks and Credit Unions Can Be Ready for PPP Loan Forgiveness
July 18, 2020Bank and Credit Union FAQs and 3 Tips for Success Banks and credit unions face new challenges of scale including efficient client relations, know your customer (KYC),distribution of funds and servicingloansall brought on by the Paycheck Protection Program (PPP). The PPP Loan program has involved more SBA-backed loans in just over twomonths than the SBA …
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Biz2X Launches Accelerate SBA
April 14, 2019Biz2X Launches ‘Accelerate SBA’ for Banks to Start Lending via CARES Act The United States Congress has passed the CARES Act to combat the financial strain caused by the novel coronavirus (COVID-19). President Trump has signed into law an unprecedented $2.2 trillion economic stimulus plan. $350 billion is earmarked for small businesses in the form …