Funding Circle’s SBLC License Should be Revoked Says House Small Biz Chair & Senate Small Biz Ranking Member

April 25, 2024 Delaney SextonContributing Editor Chairman Williams & Senator Ernst Ask SBA to Revoke Funding Circle SBLC Yesterday, Chairman Williams and Ranking Member Ernst sent a letter to SBA Administrator Guzman addressing Funding Circle’s SBLC license. Concerns were raised after Funding Circle’s CEO mentioned possibly offloading the US arm of its operations. Since then,…

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New Small Business Lending is Up at Mid-Sized and Large Banks

April 24, 2024 Delaney SextonContributing Editor New Small Business Lending is Up at Mid-Sized and Large Banks Continuing from yesterday, the Federal Reserve Bank of Kansas City reported that new lending and interest rates primarily increased, but small banks reported a decrease in new small business lending. These are the facts: Outstanding small business C&I…

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Jaime Aldama Named New President of Momentus Securities

April 24, 2024 Delaney SextonContributing Editor Jaime Aldama Named New President of Momentus Securities “Our primary goal is to help the smaller mission-driven lenders who have historically been underserved by the larger Wall Street banks. Momentus Securities bridges the gap between capital markets and mission-driven lenders, attracting the kind of capital that has not been…

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Federal Reserve Banks Report Tighter Credit Standards for 9th Consecutive Quarter

April 23, 2024 Delaney SextonContributing Editor Federal Reserve Banks Report Tighter Credit Standards for 9th Consecutive Quarter The Federal Reserve Bank of Kansas City delivered its Small Business Lending Survey for the fourth quarter of 2023. They found that trends related to credit standards, credit quality, and loan demand persisted going into the new year.…

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