SBA loan sizes keep falling as banks lean into small-dollar lending
The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
‘We’re the people’s choice’: SoLo Funds gets a Congressman’s backing
The online lending marketplace provider now has the support of Jonathan L. Jackson, an Illinois representative. It's also facing lawsuits from the CFPB and customers.
Visa beats forecasts on revenue and earnings
The credit card processing company posted a strong end of its fiscal year, but many headwinds loom over its fiscal 2025.
First Foundation take its lumps over CRE loans it plans to sell
The Dallas-based bank swung to a loss in the third quarter after reclassifying a large bundle of multifamily loans that it plans to offload under a recently announced strategy pivot.