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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?

Source: Forbes

 


 

‘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.

Source: Reuters

 


 

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.

Source: Techcrunch