Amazon’s Impending Invasion of Banking
Fears of an Amazon “invasion” in financial services have reached a fever pitch—but do Amazon and other big tech companies really have that much of an advantage coming into the banking market?
‘Speak Up, Rural America,’ Say Small-Town Business Consultants
Now in its third biennial run, the Survey of Rural Challenges asks for input from rural folks on two key questions: community challenges and business challenges.
Source: The Daily Yonder
Buttigieg Announces Minority-Focused Small Business Investment Plan At Essence Festival
South Bend, Indiana mayor and presidential hopeful Pete Buttigieg announced a policy on Sunday aimed at helping minorities start businesses.
Small Businesses Flourish With SBIC-Backed Loans
SBIC-backed microlenders provide tiny loans of less than $1,000, and up to $1 million or more at times. With such a wide range of intermediaries, the SBIC makes credit available to even the smallest of businesses.
Source: Albuquerque Journal
Kabbage Secures $200M To Fuel Its AI-Based Loans Platform For Small Businesses
The Atlanta-based startup has secured an additional $200 million in the form of a revolving credit facility from an unnamed subsidiary of a large life insurance company.