Alternative banks, often referred to as challenger banks or neo banks, are playing an increasingly important role in small business lending to fuel economic recovery. These banks, typically digital-only financial institutions, are offering new and innovative financial...
PNC faces financial troubles, which may lead to changes in its business lending practices. Here are some possible ways that business lending could change in such a scenario: Tighter lending criteria: A bank facing financial difficulties may become more cautious when...
The emergence of business cash advance (BCA) has significantly impacted traditional financing options, such as bank loans and lines of credit, for small and medium-sized businesses. BCAs provide an alternative financing solution that can be more accessible and...
In March 2023, Silicon Valley Bank (SVB) collapsed after it was revealed that the bank had been overexposed to risky investments. The bank’s auditors, KPMG, had failed to flag the risks that were building up at SVB, and the bank’s collapse left many...
5 ways to prepare your business for the next two quarters of 2023. Inflation is a general increase in prices and falls in the purchasing power of a small business because of the value of money. It can have a significant impact on small businesses, as it can lead to...
