Data Privacy, AI, Regulation: Small Business Lending is Changing Fast
The largest banks in the country can afford to invest billions in new technology every year, so how can a community bank possibly keep up in this digital age?
Source: American Banker
Black Enterprise, MBDA Partner To Help Black Businesses Gain Access To Innovation And Financing
Black Enterprise President and CEO Earl Graves, Jr. and MBDA National Director Henry Childs II signed a Memorandum of Understanding, entering into a strategic alliance to “collaborate and leverage capabilities” to help Black business scale.
Source: Black Enterprise
Opportunity Zones Skip Over Hard-Hit Rural Places
Many rural communities need outside investment to create jobs, affordable housing, and infrastructure. So why are rural communities barely targeted in the Opportunity Zone marketplace?
Source: Nonprofit Quarterly
Small Business Loan Approvals at Banks Jumped Again in April
Biz2Credit announced the results of its latest Small Business Lending Index report, which revealed approval rates for small business loan applications reached a record high of 27.5% at big banks ($10 billion+ in assets).
Source: Crowdfund Insider
Small Business Lending Soars at Banks; Technology Is A Big Reason Why
Online applications skyrocketed, and lending decisions are now made at record speeds, thanks to advanced data analysis.