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Industry News - April 10, 2019

April 10, 2019


CDFI Fund Releases Annual Report on Activities

According to the report, CDFI program awardees reported more than $11 billion in lending and investment activity, which financed nearly 16,000 businesses in 2018.

Source: Novogradac


Trump to Nominate Jovita Carranza as SBA Administrator

Carranza, who previously served as deputy administrator during the George W. Bush administration, has been nominated to replace Linda McMahon as the SBA Administrator.

Source: CNN 


‘Feverpitch:’ Small Biz Competition for Black Entrepreneurs

3rd Party Media Corp. is now accepting entries for “FeverPitch,” a small business pitch competition that will be hosted on its business networking platform, BlackConnect.com. Final submissions are due April 30th.

Source: Electronic Urban Report


SoLo Funds Announces Mastercard Integration to Expand Access to Affordable Loans

This peer-to-peer lending platform announced a Mastercard integration that enables users to link their debit bank accounts to the SoLo Funds platform for faster, more seamless lending transactions under $1,000.

Source: Compelo Banking


Online Lenders Put Small Banks in a Bind

Research says more than a quarter of the peer-to-peer dollars loaned over the internet today would’ve traditionally been handled by small commercial banks before the advent of online lenders.

Source: Roll Call



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