All articles tagged with #small business loans
Congress allocated $289 million for small-business loans, but the Trump administration has withheld the funds after moving to dismantle the program, leaving Main Street borrowers in limbo amid tariffs and rising costs.
PayPal has applied to establish PayPal Bank, a Utah-chartered industrial loan company, to enhance its financial services for U.S. small businesses by offering more efficient lending solutions and interest-bearing savings accounts, aiming to reduce reliance on third parties and support small business growth.
Live Oak Bancshares, a small, tech-focused bank in North Carolina, dominates the U.S. government-backed small business loan market with innovative practices and industry expertise, despite being overlooked by Wall Street. The bank leverages technology, industry specialization, and a unique culture to serve small businesses often ignored by larger banks, and is expanding into new areas like AI-driven merchant cash advances to disrupt high-cost lending markets.