Remove Advisors Remove Small Business Remove Underwriting
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Moody’s Teams Up On Small Business Cash Flow Forecasting

PYMNTS

Moody’s Corporation is partnering with the Foundation for Small Business Development (FFSBD) to connect small businesses with cash flow forecasting solutions and other financial resources. “Effective cash flow management is essential for every small business in the U.S.,”

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For SMB Underwriting, Exploring A More Reliable Kind Of Alternative Data

PYMNTS

The pullback of banks from the small business lending space left a gap filled by alternative lenders who are exploring new ways to connect entrepreneurs with capital, a journey that includes innovation and a bit of experimentation. They never ask what your business is worth.”

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AltFin’s Next Hurdle: The Small Business Relationship

PYMNTS

There are ways, however, that traditional financial institutions (FIs) still beat out alternative players, especially when it comes to the relationship between small business (SMB) owners and financial service providers. “It’s cool for us, because we have a better choice of who we get to work with in terms of customers.

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This Week in Fintech: TFT Bi-Weekly News Roundup 08/08

The Fintech Times

Ellis previously served as CFO at Flywire , a global payment solutions provider, as well as CFO and advisor to BillGO , a bill pay platform and network. Embroker , the digital insurance company for businesses, has welcomed Andrew (Andy) Lea as chief insurance officer and promoted Kristy Malm to chief operating officer.

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How Open Banking Opens Doors For Alternative SMB Lenders

PYMNTS

Use of alternative finance (AltFin) sources among small business (SMB) owners is on the rise, but still has a long way to go before it poses a legitimate threat to traditional banks’ market dominance. Mercator Advisory Group data released earlier this year found that 27 percent of small businesses in the U.S.

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Stay Aware and Protect Against Hidden Charges

Segpay

Per the Forbes Advisor , rates range from 1.5% – 3%+ based on card type, with volume tiers and qualified vs non-qualified categories. This scales down to very small businesses, too. Dynamic merchant underwriting provides quotes matching your business needs.

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Cabot Square Capital Sells 321 Crédito

PYMNTS

small business lender, to White Oak Global Advisors, noted Financial Times. There is also worry over looser underwriting, which has seen lenders stretch out terms for borrowers while pushing up loan-to-value ratios and debt-to-income ratios — an echo of the subprime mortgage crisis. It recently sold LDF , a U.K.

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