The $10 billion mark comes a little more than five years after PayPal made its first loan. Today it has issued more than 650,000 loans through financing programs in the U.S., UK, Australia, Germany, and Mexico.
Proposed liability standard for commercial loans could damage the relationship-based lending model employed by small banks, which are the largest credit source for small businesses.
Source: Competitive Enterprise Institute
Women-owned businesses are on the rise. The number of women owned small businesses with employees increased by 2.8 percent, according to the U.S. Census Bureau. But where are these women entrepreneurs?
Source: Small Biz Trends
The Rockefeller Foundation announced last week that it would be making $5.5 million available to help six US cities shape responsible strategy around “opportunity zones. Could this be a model for the future.
Source: Nonprofit Quarterly
Sometimes eight-year-olds need $2,500 loans, and the credit unions that can provide them – thus putting young entrepreneurs on the path to future financial success – stand to win lifetime members.