Category Archives: Loan approval

KSE-100 plunges despite IMF loan approval

KARACHI: Pakistan’s stock market took a heavy toll on Monday, as the benchmark KSE-100 plunged 744 points and plunged below the 46,000 point level. The higher-than-expected benchmark interest rate hike of 150 basis points weighed on the business environment and even the long-awaited approval of the International Monetary Fund for the disbursement of the next […]

Delay in approval of IMF loan bump PSX

KARACHI: The Pakistan Stock Exchange (PSX) received a hammer blow in the outgoing week, as the delay in resuming the International Monetary Fund (IMF) lending program dented investor enthusiasm and held them back. ‘difference. A host of additional negative triggers such as the decline in the value of the rupee against the US dollar and […]

Biz2Credit Small Business Lending Index ™ for October Finds Loan Approval Rates Rise at Banks and Non-Bank Lenders for Sixth Month in a Row

Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. NEW YORK, November 09, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14% in September 2021 to 14.1% in October. During this time, small banks” approvals also fell from 19.5% in September […]

Eskom Gets $ 57.6 Million Loan Approval From African …

Africa’s largest power company, Eskom, has received approval for a $ 57.67 million loan from the African Development Bank to boost power generation from renewable energy. Dr Daniel Schroth, African Development Bank’s acting director for renewable energy and energy efficiency, said the loan is based on a multi-donor funding program launched in 2011 by leading […]

South Africa: Eskom secures $ 57.6 million loan approval from African Development Bank

This is a much needed boost to renewable energy for South Africa’s electric utility. Africa’s largest power company, Eskom, has received approval for a $ 57.67 million loan from the African Development Bank to boost power generation from renewable energy. Dr Daniel Schroth, African Development Bank’s Acting Director for Renewable Energy and Energy Efficiency, said […]

Banking fair to borrower who couldn’t get loan approval in time for auction, ombudsman says

A borrower who applied for a home loan three days before an auction and did not receive the money in time to bid on the house he wanted had his complaint against his bank rejected. The man did not have all the information needed for the bank to process his request, and instead asked if […]

Auto Expert Houston Launches New Used Car Loan Approval Program Despite Bad Credit

Auto finance credit approved quickly and easily for customers with credit history issues HOUSTON, UNITED STATES, October 24, 2021 /EINPresswire.com/ – Auto Expo Houston today announced the launch of its new “Bad Credit Auto Finance Program” for customers who need a car but are reluctant to buy one based on their credit history. Since the […]

Rising small business loan approval rates at all financial institutions

Small business loan approval rates at large banks fell from 13.9% in August 2021 to 14% in September. Small bank approvals also fell from 19.3% in August to 19.5% in September. The data comes from the latest Biz2Credit Small Business Lending Index. Biz2Credit Small Business Loan Index – September 2021 The raise of loan approval […]

Sprout Mortgage Unveils Another Innovative Tool to Automate the Loan Approval Process

EAST PRAIRIE, NY, October 15, 2021 / PRNewswire / – Sprout Mortgage Strengthens Its Robust Line Of Automation Tools For A Fully Digital Mortgage Experience With The Release Of Its Third Originator-Driven Mortgage Tool. Sprout will unveil iAnalyze, the first non-QM bank statement analysis tool of its kind, at the Mortgage Bankers Association’s annual gathering […]

Small business loan approval rates rise among bank and non-bank lenders in September

Small business loan approval percentages at large banks (or those with $ 10 billion or more in assets) fell from 13.9% in August to 14% in September. At the same time, approval rates for small banks rose to 19.5% in September, from 19.3% the month before, according to the latest Biz2Credit Small Business Loan Index. […]