Small Business in the News: February 11-17, 2017

We know there is too much to keep up with when you’re a busy entrepreneur, so we compile small business news highlights each week for you to read only what matters most. Here is a summary of the top stories for February 11-17, 2017.

New Trend Shows Generation X and Baby Boomers Launching Startups

The growth of self-employment began about 17 years ago and is largely fueled by those over the age of 50. The older generations have the financials to start their own business and many of them are starting their business alone. Read more…

OnDeck Partners With Wave to Launch “Lending by Wave”

Wave and OnDeck have partnered up to offer OnDeck business loans and lines of credit to the Wave customer base called “Lending by Wave.” The new offering will be available to customers in the U.S. and Canada. Wave will leverage OnDeck's online business lending platform to streamline and automate the business borrowing experience, all from within the Wave ecosystem. Read more…

Alternative Lenders Gain Ground in U.S.

Demand for U.S. leveraged loans is helping institutions not bound by federal lending guidelines to lead and sell aggressive deals that traditional arranging banks are unable to provide. Investors are being drawn to alternative banking institutions because they don’t face the same lending guidelines and criticism. Read more…

ABA Selects Online Business Loan Provider

The American Bankers Association began looking for a third-party provider of SMB lending technology earlier this year and has finally settled on Akouba. Akouba allows SMB applicants to submit and track their loan application online and provide a decision within 48 hours. Read more…

Capital One Spark Business Offers Loan Program in Houston Locations

Capital One Spark Business introduced a new loan offering for small business owners in Houston-area locations. Spark Business developed the digital cost-effective loan offering because business owners often select loans based on how quickly they can get approved instead of by the actual cost of the loan. Read more…

Greenline Ventures Offers New Fund for Small Businesses

Greenline Ventures announced a new fund created to provide SMEs with loans ranging from $250,000 - $2 million to support job growth and small business success. The financing will leverage New Markets Tax Credits (NMTX) and will target minority-and-women-owned businesses. Read more…

 

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