Tag Archives: loan applications

Biz2Credit Small Business Lending Index™ Reveals Loan Approval Rates Continue to Rise in February

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) — Small Business Loan Approval Percentages at big banks ($10+ in assets) went from 14.5% in January to 14.7% in January, and small banks‘ Approvals also increased, from 20.3% […]

Avoid These Mistakes on Your Business Loan Application and Increase Your Chances of Approval

Access to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

Track loan application with J&K Bank on GSS electronic portal

Track loan application with J&K Bank on GSS electronic portal Jammu Tawi, February 25: J&K Bank on Friday launched its electronic GSS portal for tracking loan applications submitted under government-sponsored (GSS) schemes. Chief Secretary, Dr. Arun Kumar Mehta, inaugurated J&K Bank’s GSS electronic portal for real-time monitoring of credit applications under government-sponsored schemes and described […]

3 business loan application mistakes and how to avoid them

AAccess to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

Anchorage Home Buyer Loan Approval Rate of 94.2% Highest in the United States | Newsletter

Buying a home during the pandemic has been a story of bidding wars, housing shortages and rapidly rising house prices. Despite this, historically low interest rates have encouraged millions of buyers to take out loans for new homes. According to mortgage data at the loan level of the Home Mortgage Disclosure Act (HMDA)86.3% of 2020 […]

Cities with the highest loan approval rates

Photo credit: Freedomz / Shutterstock Buying a home during the pandemic has been a story of bidding wars, housing shortages and rapidly rising house prices. Despite this, historically low interest rates have encouraged millions of buyers to take out loans for new homes. According to mortgage data at the loan level of the Home Mortgage […]

Inside the fight for banks to benefit their communities • Sacramento News & Review

As banks continue to merge, advocates are trying to ensure low-income communities won’t have to pay for it. By Robin Urevich, Capital & Main This story is produced by the award-winning journalism association Capital and main and co-published here with permission. At a time when big banks are easily getting approval for profitable mergers, some […]

Ministry of MSMEs includes uniformity of loan applications in draft policy to improve access to finance

Ministry of MSMEs includes uniformity of loan applications in draft policy to improve access to finance New Delhi, 15 Feb. (KNN) In order to improve the access of MSMEs to financial assistance, the draft national policy proposed the introduction of uniformity and simplification of the different loan application formats and the evaluation process in line […]

UK regulators warn banks against using AI in loan applications

UK regulators have warned banks against using artificial intelligence (AI) in loan applications, as high street lenders must ensure machine learning does not worsen discrimination at the regard to minorities. Major banks are exploring ways to further automate their lending, including the use of AI and more advanced algorithms, to decide who to lend to […]

ClearScore Australia releases the confidence to understand your chances of loan approval

ClearScore Trust: Empowering consumers to make better lending decisions Key points: ClearScore is launching a new feature for its Australian users: ClearScore Trust. ClearScore Trust helps users understand their chances of approval on their loan applications. The feature is currently available for personal loans and will soon include car loans, followed later by credit cards. […]

Home loan demand rises to over $5 billion despite Covid-19

The Covid-19 pandemic may have caused an economic downturn in Cambodia, but in real terms mortgage applications are on the rise. According to an annual report by the National Bank of Cambodia, home purchase credit in the country grew by 37% in 2021, illustrating a sign of growing demand for home ownership among Cambodians. In […]

Maryland prosecutor Marilyn Mosby charged with allegedly lying about past loan application at vacation home

Mosby won $250,000, but said she was facing financial hardship related to COVID. January 13, 2022, 11:04 PM • 4 minute read Share on FacebookShare on TwitterEmail this article A federal grand jury in Maryland has indicted Marilyn Mosby, the Baltimore City state attorney, on two counts of perjury and misrepresentation on mortgage applications she […]

Point Predictive Identifies $1 Billion in Loan Application Fraud Linked to Fake Employers, Significantly Reducing Risk for Lenders

SAN DIEGO, January 13, 2022 /PRNewswire/ — Point Predictive Inc., the San Diego, a London-based company that provides machine learning solutions to the lending industry, today announced that its industry-leading fraud team has reached the milestone of identifying $1 billion in fraudulent loan value linked to over 5,000 fake employers on auto loan applications. Findings […]

FTC settles with loan application company over alleged misuse of sensitive personal information

On January 6, 2022, the Federal Trade Commission reached a $1.5 million settlement with loan application firm ITMedia Solutions LLC (“ITMedia”) regarding alleged violations of the FTC Act and the Fair Credit Reporting Act (“FCR”). The FTC alleged that ITMedia deceptively acquired and indiscriminately shared consumers’ sensitive personal information under the guise of connecting them […]

Why small business loan approval rates are climbing at a snail’s pace

Although the approval percentages of banks and non-bank lenders (institutional lenders, alternative lenders and others) have risen steadily over the past 12 months, the rebound in small business lending is far from robust. Bank vault. (Photo by Dick Whittington Studio/Corbis via Getty Images) Corbis via Getty Images According to the latest Biz2Credit Small Business Loan […]

Biz2Credit Small Business Lending Index ™ for December finds loan approval rates continue to rise, but at a slow pace

Approval percentages at large banks, small banks, institutional lenders, alternative lenders and credit unions are still about half of what they were in December 2019 NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Small business loan approval percentages in big banks ($ 10 + in assets) fell from 14.2% in November to 14.3% in December, […]

“It’s ridiculous”: 27 days before the bank collects the mortgage request

The customer service of banks is in the spotlight. Photo / Getty Images Mortgage professionals have criticized some banks for their “terrible” customer service and the time it takes to process home loans. An adviser said a bank did not take out a home loan for 27 days. Banks interviewed by NZME said the consumer […]

Loans: tips for validating your loan application

Avoid applying for too many loans at once as this will only hurt your score and lead to more rejections The rejection of the loan APPLICATION can occur for several reasons. The typical reason for this is inconsistency and late payment of your debts. It can also happen if you don’t know how your adverse […]

Nicholas Co. disaster relief loan application deadline is approaching

NICHOLAS COUNTY, Ky. (WKYT) – Eligible residents and business owners in Nicholas County have been able to apply for low-interest loans to help repair property and reopen businesses that have been damaged by flooding historical records, but the filing deadline for returning physical property damage claims is approaching. January 3, 2022, is the last day […]

Biz2Credit Small Business Lending Index ™ for November Finds Loan Approval Rates Continue to Rise at Banks and Non-Bank Lenders

The approval percentages of large banks, small banks, institutional lenders and alternative lenders are increasing; Credit unions stagnate in November NEW YORK, December 8, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 14.1% in October to 14.2% in November. During this time, small banks” […]

Tips to reduce the risk of your loan application being rejected

Lenders take a variety of factors into account when assessing loan applications. Some of these major factors include credit score, monthly income, job profile, employer profile, etc. loan seekers. Those who do not meet the thresholds set by lenders may have their loan application rejected. Here are some of the ways to minimize the risk […]

Advantages and disadvantages to know before submitting a joint mortgage application to ICICI Bank

Key parameters taken into account when evaluating your Real estate loan ICICI Application includes applicant’s credit score, income, employment profile and stability, age and existing monthly obligations. The level of importance of these factors tends to vary from lender to lender and on a case-by-case basis, depending primarily on the credit risk matrix chosen by […]

Kerala High Court Allows Alleged CA for Dishonestly Preparing Loan Application on Behalf of Non-Existing Company to File Release Request

Through Mariya Paliwala – November 15, 2021 7:35 p.m. The Kerala High Court allowed the relevant authority accused of dishonestly preparing loan applications on behalf of a non-existent company to file a discharge request. The accused, Thomas Cherian being a chartered accountant in 2002-2003 dishonestly prepared the loan application of Rs. 200 lakhs as LC […]

Commercial Private Equity pre-approves loan application within 24 hours with their streamlined underwriting process

Atlanta, Georgia, November 13, 2021 – (PR.com) – Due to the pandemic, U.S. banks have cut lending to record levels and made loan applications longer than before. This has made acquiring loans a challenge for borrowers. In these tough times, private lenders are offering hard money loans and getting approved quickly through their efficient underwriting […]

SMEs with loan application difficulties can seek help from Bank Negara, governor says

KUALA LUMPUR: Small and medium-sized enterprises (SMEs) can seek help from Bank Negara Malaysia (BNM) if they encounter difficulty with their loan applications, BNM Governor Datuk Nor Shamsiah Yunus said today . She explained that despite claims that banks are more stringent in assessing credit profiles, general statistics have shown loan disbursement has gone to […]

SMEs having difficulty applying for a loan can seek help from Bank Negara, says governor

KUALA LUMPUR: Small and medium-sized enterprises (SMEs) can seek assistance from Bank Negara Malaysia (BNM) if they encounter difficulties with their loan applications, BNM Governor Datuk Nor Shamsiah Yunus said today . She explained that despite claims that banks are stricter in assessing credit profiles, general statistics showed loan disbursement has returned to pre-pandemic levels. […]

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 […]

Canceling a Loan Application: What to Expect

What to do if you cancel your loan application Loans are great helpers when it comes to quick access to money, easy and paperless application and reliable online lenders. The online application is what grabs the attention of potential borrowers. Who needs conventional banks with their queues and high fees when you can fill out […]

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 […]

Potential Reasons Your Debt Consolidation Loan Application Was Rejected

Getting out of debt is a long and complex process. Before you consider applying for a consolidation loan, start with a debt repayment strategy. There are many popular ways to pay off debt, but we recommend that you compare the snowball against avalanche strategies because they are designed to use your natural motivations to stop […]

loan application: Are you looking for a loan? Here are 5 eligibility factors that may affect your loan application

Today, one can apply for a personal loan online or instant in a few quick and easy steps since these loans are unsecured. If you meet the personal loan eligibility criteria, the instant loan could be disbursed within minutes. Hence, these loans can be more useful in case of unforeseen events or unforeseen expenses. Nevertheless, […]

5 eligibility factors that may affect your personal loan application

ANI | Update: October 21, 2021 1:27 PM STI New Delhi [India], October 21 (ANI / NewsView): Today, one can apply for a personal loan online or instant in a few quick and easy steps since these loans are unsecured.If you meet the personal loan eligibility criteria, the instant loan could be disbursed within minutes. […]

FEMA Enrollment and SBA Disaster Loan Application Key to Hurricane Recovery

HARRISBURG, PA – Federal Emergency Management Agency (FEMA) officials are urging disaster relief seekers to complete and return U.S. Small Business Administration (SBA) loan application forms. Completing the loan application is an essential part of the disaster assistance process. It can keep the door open to all federal aid, including possible additional grants, from FEMA. […]

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. […]

Biz2Credit Small Business Lending Index ™ for September sees loan approval rates increase at banks and non-bank lenders for fifth consecutive month

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, October 12, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (assets over $ 10 billion) fell from 13.9% in August 2021 to 14% in September. During this time, […]

15 U.S. Cities With The Highest Loan Approval Rates

sirtravelalot / Shutterstock.com Editor’s Note: This story originally appeared on Smartest dollar. Pent-up demand due to the coronavirus pandemic, low interest rates and shortage of properties have created a booming housing market with levels of refinancing activity. While the values ​​of typical houses have increase By 15% from a year ago, the housing market is […]

CEDA: The Keys to Creating a Strong Business Loan Application | Business

Taylor symesSpecial to the citizenProvided Have an up-to-date business plan. Whether you are a brand new business or an existing business looking for funding, everyone can get funding in one way or another. As a technical specialist with the Cayuga Economic Development Agency, I underwrite business loan applications for the city and county small business […]

Biz2Credit: Loan Approval Rates Rise at Banks and Non-Bank Lenders in August

Small business loan approval percentages in large banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. Meanwhile, approvals of small banks also fell from 19.1% in July to 19.3% in August, according to the latest Biz2Credit Index […]

Biz2Credit Small Business Lending Index ™ for August Finds Loan Approval Rates Rising at Banks and Non-Bank Lenders

NEW YORK, September 14, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.8% in July 2021 to 13.9% in August, up three tenths of a percentage from a year ago. During this time, small banks” approvals also fell from 19.1% in July to […]

FileInvite and AACFB Offer Member Affinity Program to Streamline Loan Application Process

File Invite, a document and data collection platform provider, partners with the American Association of Commercial Financial Brokers (AACFB) to provide its members a FileInvite package to streamline the document-intensive process of loan applications and documentation. FileInvite offers an innovative way to improve document workflow, through automation and an intuitive process. AACFB members can Learn […]

Report: Tennessee has 20th lowest mortgage approval rate in the US

The pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain warm in many cities through the end of the year […]

Massachusetts has 14th highest mortgage approval rate in the United States – Framingham SOURCE

In all transparency, here is a press release *** BOSTON – pent-up demand due to the pandemic, low interest rates and a shortage of properties have created a booming housing market with near-record levels of refinancing activity. While typical home values ​​are up 15% from a year ago, the housing market is expected to remain […]

The Five Cs of Effective Loan Application

There are many reasons why you should take out a loan. With natural disasters and misfortunes happening all year round, it is almost impossible not to get a home loan, payday advance loan, additional business financing, or even a credit builder loan, especially s it’s about fixing your home, as emergency money when the going […]

AGSMEIS: Heavy loan request, frustrating EDI scheme according to APSAN

Gilbert Ekugbé The Association of Agricultural Vendors of Nigeria (APSAN) lamented the cumbersome process of applying for the AGSMEIS program of the Central Bank of Nigeria (CBN), noting that Entrepreneurial Development Institutions (EDI) are taking advantage of the situation. to extort money from the applicant. In a conversation with THISDAY, APSAN National President Aloy Akortsaha […]

Loan application rejected? Follow these five tips to be a smart borrower

The outbreak of the coronavirus pandemic has proven that it is necessary to prepare funds for future needs and emergencies in advance. Whether it’s reviving your business or planning for your child’s education, a loan is a big help in facing eventualities. Banks and financial institutions reject our loan applications citing reasons such as poor […]

Home loan application rejected? Here’s what you need to do now

“Your mortgage application is rejected! The above sentence of being turned down by a home loan lender can be a huge disappointment. Did you know that more than 40% of mortgage loan applications are refused each year by a financial institution? Countless people have had their home loan applications turned down for one reason or […]

Small Business Loan Approval Rates Rise at Big Banks

From June to July 2021, small business loan approvals at large banks fell from 13.6% to 13.8%. The data comes from the latest Biz2Credit Small Business Lending Index. The index also signals an increase in loan approvals from institutional and alternative lenders in July. Biz2Credit Index of Small Business Loans – July 2021 The increase […]

Biz2Credit: Small Business Loan Approval Rates Rise at Banks in July

According to Biz2CreditAccording to the latest Small Business Lending Index, small business loan approval percentages at large banks (over $ 10 billion in assets) fell from 13.6% in June to 13.8% in July, reaching the same percentage as last July. At the same time, approval rates for small banks also increased, from 18.9% in June […]

Biz2Credit Small Business Lending Index ™ Finds Loan Approval Rates Rise at Banks, Institutional and Alternative Lenders in July 2021

Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, August 10, 2021 (GLOBE NEWSWIRE) – Small businesses loan approval percentages To big banks (over $ 10 billion in assets) fell from 13.6% in June 2021 to 13.8% in July, the same percentage as a year […]

Authorities warn of student loan application scam – Winchester Sun

FRANKFORT, Ky. – Attorney General Daniel Cameron and the Kentucky Higher Education Assistance Authority (KHEAA) joined forces today to alert Kentucky consumers to an identity theft scam involving student loan applications and ‘financial aid. The attorney general’s office and KHEAA have seen an increase in the number of crooks attempting to apply for student loans […]

Loan application made easy with the Tala app – Back End News

Citing the 2019 Financial Inclusion Survey, personal finance app Tala said the Bangko Sentral ng Pilipinas (BSP) reported that 51.2 million Filipinos, or 71% of the total adult population, do not are still not banked. Heeding BSP’s call for financial inclusion, Tala said it aims to help unbanked Filipinos use, protect and grow their money […]

A quick guide to the loan approval process

Do you want to drive a car? Own a house? Go to the University? Consolidate your debt? Finance your wedding? If you answered “yes” to any of these questions, chances are you will need to apply for a loan at some point. If you do, don’t feel bad; more than half of americans say they […]

How to Identify the Risk of Fraud to Streamline Loan Approval

Now more than ever, lenders need a solution that creates more efficiency so they can better handle high volumes. HousingWire recently spoke with Robert Karraa, President of First American data and analyzes, on how lenders can better identify the risks of fraud and errors in mortgage loan applications. HW: Fraud has been a hot topic […]

Small Business Loan Approval Rates Rise As P3 Ends

The end of the Paycheck Protection Program (PPP) has arrived, and that means companies will seek funding from traditional sources. According to Biz2Credit Index of Small Business Loans for the month of May, loan approval rates increased for banks and non-bank lenders. Small Business Loan Index – May 2021 While the higher approval rates aren’t […]

Biz2Credit: Small Business Loan Approval Rates May Increase When PPP Ends

Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged up from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Index of Small Business Loans. In addition, approvals at smaller banks jumped from 18.2% in April to 18.7% in May. “Loan approvals […]

What is CIBIL? How Does Credit Score Impact Loan Application?

People who are considering applying for loans should first check their credit score and try to improve it, if it is low. We have all heard of the need to have a good credit rating to increase our chances of getting our loan applications approved. Most financial experts advise people to maintain a good credit […]

DU launches a call for student loan applications for smartphones

University to provide students with up to Tk 8,000 in the form of a low rate loan Authorities at Dhaka University (DU) have asked university students to submit loan applications to purchase smartphones for the purpose of participating in online classes and exams. The university will provide up to Tk 8,000 in the form of […]

DU calls for student loan application for smartphone

University to provide students with up to Tk 8,000 in the form of a low rate loan Authorities at Dhaka University (DU) have asked university students to submit loan applications to purchase smartphones for the purpose of participating in online classes and exams. The university will provide up to Tk 8,000 in the form of […]

Make your personal loan approval easier with the Fullerton app

Due to the unprecedented COVID-19, global economies have been disrupted and families have been financially shattered. In these times, there is no better way to manage your finances than to resort to personal loans. Whatever your need, you can take out a personal loan and take care of your worries. Getting a personal loan has […]

Chances of credit card or loan approval are higher now than around this time last year

Some people may now find it easier to get credit approved than at the start of the first coronavirus foreclosure in March 2020, Experian explains. Analysis by the credit check company found that the number of people who have a high chance of being approved for a credit card is five percent higher than in […]

United Arab Emirates: Is Your Loan Application Still Rejected Despite Good Credit? here’s why

Credit history plays an important role in a bank’s decision to get a loan Image Credit: Shutterstock Dubai: If your loan applications continue to be rejected despite a good credit history, there may be some common reasoning as to why. Your debt ratio, or simply debt ratio, is detrimental to lenders who decide whether or […]

Biz2Credit: Approval Rates for Non-PPP Loans Remain Relatively Unchanged in April

Small business loan approval percentages at large banks (or those with more than $ 10 billion in assets) edged down to 13.4% in April from 13.5% in March 2021, according to the latest. Biz2Credit Index of Small Business Loans. Likewise, approvals at smaller banks fell to 18.2% in April, from 18.3% in March. “Traditional small […]

Instant Home Loan Approval – Are You Eligible?

While other lenders grapple with long lead times and awkward approval processes, fintech Nano has launched a new home loan where loan approval is granted on the spot. What’s the catch? The new home loan is offered by Nano, which is “not a traditional lender,” co-founder Andrew Walker told Finder. “It’s a financial technology company […]

SBA Extends COVID-19 Economic Disaster Loan Application Deadline to End of 2021

The US Small Business Administration has announced that the deadline for applying for the Economic Disaster Loan (EIDL) program for COVID-19 pandemic disaster declaration is extended to December 31, 2021. The extension of the deadline follows the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on December 27, 2020. To […]

4 eligibility criteria to boost your chances of obtaining a personal loan

Make sure you build and maintain a strong credit score to increase personal loan eligibility. Personal loan is one of the most preferred loan options for those in need of quick funds. However, its unsecured nature leads lenders to take a cautious approach when evaluating loan applications. This can result in rejection of personal loan […]

Biz2Credit: March Non-PPP Loan Approval Rate Trending Upward

Small business loan approval percentages at large banks (over $ 10 billion in assets) edged up to 13.5% in March from 13.3% in February 2021, according to the index. Biz2Credit small business loan. By comparison, in March 2020, the big banks approved 15.4% of the funding requests they received. “Traditional loans from big banks increased […]

Loan application rejected? Here’s how you can still get a loan

Loan application rejected? Here’s How You Can Still Get A Loan Photo credit: PTI New Delhi: Credit score is one of the key parameters that is carefully used by all commercial banks, microfinance institutions, non-bank financial corporations and other cooperative lenders in deciding an individual’s eligibility for a loan. A credit score is a conclusive […]

5 things to follow to prevent your loan application from being rejected

NEW DELHI: Applying for a personal loan is easy these days. You just need to fill in the basic information online and with a few clicks, your loan is approved. However, on the other hand, the unsecured nature of the loan prompts lenders to take a cautious approach when approving personal loan applications. Here are […]

Education loan application rejected? Maybe these are the reasons

Education loan application rejected? Perhaps these are the reasons | Photo credit: Getty Images New Delhi: Education, especially higher education, has become very expensive over the past decade. Nowadays, many are unable to finance their child’s higher education, and under circumstances like these, student loans have become popular. Some children who wish to pay for […]

House OKs PPP Loan Application Deadline Extension

What would you like to know Sponsoring lawmakers call the legislation a bipartisan and sensible way to help small businesses. The short-term extension will help cope with the lingering economic impacts of the pandemic, said Representative Velázquez. The American Institute of CPAs says the bill is necessary given the tax and compliance challenges for the […]

CPAs urge lawmakers to extend PPP loan application deadline

What would you like to know The PPP loan application deadline is March 31st. CPAs and borrowers face “pressing” tax and compliance challenges. A decision by Biden to temporarily limit nominations has benefited women and minorities. The American Institute of CPAs urged lawmakers on Wednesday to extend the paycheck protection program application deadline by at […]

Lying down on a personal loan application is a bad idea

Lying about a loan application may seem harmless at first – after all, a lender may not even verify your inflated income application or current employment status. However, intentionally lying on a personal loan application is considered fraud, and it can have real consequences. Below, we’ll take a look at how lenders verify the information […]

Top reasons why your mortgage application continues to be rejected

Top reasons why your mortgage application continues to be rejected Image Credit: Provided Before even finalizing your home, it is obvious that you need to do some thorough research on the different types of lenders, interest rates, etc. Since mortgage loan is a crucial credit that can last for more than two decades, you must […]

Customers Bank opens a PPP loan application portal; Will also provide a turnkey white label solution for other lenders

Customers Bank (NYSE: CUBI), one of the country’s leading 2020 Paycheck Protection Program (PPP) lenders, began receiving applications last night for the new round of government-guaranteed loans designed to help small businesses keep their jobs with wages and health benefits. . The bank has participated in more than 100,000 PPP loans totaling more than $ […]

PPP loan application details announced

Much of the latest Covid-19 relief plan that was passed by Congress in late December was aimed at helping small businesses through another round of funding to reopen and strengthen the Payroll Protection Program (PPP) through the US Small Business Administration (SBA). PPP loans will be reserved for companies with less than 300 employees, as […]

Small Business Administration Extends Loan Application Deadline

The deadline extension follows the recent bipartisan COVID-19 relief bill passed by Congress and enacted by President Trump on December 27, 2020. CORPUS CHRISTI, Texas – The U.S. Small Business Administration announced today that the deadline to apply to the Economic Disaster Loan (EIDL) The program for the COVID-19 pandemic disaster declaration is extended until […]

Catastrophe loan application deadline extended by one year, according to SBA

The deadline for applying for economic disaster loans has been extended to Dec.31, 2021, US Small Business Administration officials said yesterday. “EIDL loan applications will continue to be accepted until next year, pending the availability of funds,” said Matt Coleman, spokesperson for SBA Region II, which includes New State. York, noting that the agency had […]

Business loan approval rates drop 50% in past year

Small business loan approvals at big banks are down 50% from last year’s figures, according to data from Biz2Credit Index of Small Business Loans. Loan approvals from large banks with more than $ 10 billion in assets were 13.2% in November this year, compared to 28.1% for the same period. Big bank loan approvals fell […]

Average loan amount increases by £ 800 in 2020

Analysis of data from MoneySuperMarket shows that while the average amount borrowed decreased by £ 109 in 2019, it increased by £ 793 (7%) in 2020, with the average loan now standing at £ 11,834. In 2019, the average loan size fell in 72% of UK regions, with more than half (53%) seeing a decline […]

Small business loan approval rates at banks fell again in

NEW YORK, October 06, 2020 (GLOBE NEWSWIRE) – Small business loan approval percentages at big banks ($ 10 billion and more in assets) fell slightly from 13.6% in August to 13.5% in September, indicative of the difficulties facing small businesses, according to the latest Biz2Credit Index of Small Business Loansâ„¢ released today. the Biz2Credit Index […]

NAPIC: 1H2020 residential loan approval rate stands at 34.1%, lowest in 10 years

PETALING JAYA (September 22): The loan approval rate for residential properties in the first half of 2020 (1H2020) was 34.1%, which is the lowest in 10 years, according to the market report real estate 1H2020 published by the National Property Information Center (NAPIC). To help boost the weak market battered by Covid-19 and the Movement […]

Small business loan approval rates at banks fell in August

Slight declines in approval percentages at alternative lenders and credit unions NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Small business loan approval percentages at large banks (over $10 billion in assets) and small banks fell slightly in August 2020, this which indicates that the upward trend that began in May has stabilized, according to […]

Small Business Bank Loan Approval Rates Improve, New Data From Biz2Credit

There was an encouraging rebound in small business loan approval rates for banks and non-bank lenders in July. This is according to the recently released Biz2Credit Small Business Lending Index. Approval rates show a 0.3% increase in approval percentage for small business loan applications at large banks. This increase in the approval rate does not […]

Open banking and its impact on your personal loan application

Australia’s banking industry recently introduced “open banking,” a new style of banking that gives customers control over their data. Whether you’re looking for a new home loan, personal loan, or credit card – or looking to refinance – open banking should make it easier for you to find better deals between banks. First of all, […]

Small business loan approval rate continues to rebound

the Biz2 Credit The Small Business Loans Index for June 2020 shows that small business loan approval rates continue to rebound. Biz2Credit Index of Small Business Loans June 2020 Small business loan applications rebounded from 11.5% in May to 13.5% in June, according to the index. The figures for June are significantly lower than those […]

Small business loan approval rates rebounded in June 2020:

NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) – The percentage of approval for small business loan applications in big banks (over $ 10 billion in assets) rebounded just 11.5% in May to 13.5% in June, according to the Biz2Credit â„¢ Small Business Loan Index released today. June’s figure is still well below the record rate […]

Loan Application Rejected Despite High Credit Score? These may be the reasons

Credit rating is a primary indicator of credit worthiness. A good credit rating is considered important in obtaining loan approval from any bank or other financial institution. But sometimes, despite having a good credit rating, the loan application can be rejected. This is because lenders may also consider other factors in lending money. “Lenders work […]

PPP Loan Application Deadline Extended to August 8

If you haven’t completed a Paycheck Protection Program (PPP) loan application by the previous deadline, you’re in luck. On July 4, President Donald Trump extended the deadline for PPP loan applications by more than a month. The new deadline for PPP loan applications is August 8. PPP loan deadline extended to August 8 The previous […]

Small business loan approval rates drop to record lows in April

Small businesses are struggling to get the non-government money they need from banks to stay open, according to a new index. This at a time when they need it most. Specifically, the approval rate for small business loans fell to 8.9% in April from a record high (28.3%) in February. This is the lowest approval […]

Small business loan approval rates have fallen to record lows

NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — The approval percentage for small business loan applications to big banks (over $10 billion in assets) fell below double digits to just 8.9%down from 15.4% in March and an all-time high of 28.3% in February 2020, according to the Biz2Credit™ Small Business Loan Index published today. The […]

GSIS increases emergency loan amount to P40K

MANILA – Government employees can now benefit from Government Service Insurance System (GSIS) emergency loans up to PHP 40,000. During the #Laging Handa PH briefing broadcast on state broadcaster PTV, GSIS chairman Rolando Macasaet said the agency’s board decided to increase the loanable amount after noting that some of those who requested emergency loans had […]

Coronavirus delays new uniform residential loan application until March 2021

It’s been almost four years since Fannie Mae and Freddie Mac announced they are changing the standard mortgage application form for the first time in 20 years, but it will be another 11 months before the mortgage industry is required to use the new uniform residential loan application. Fannie and Freddie announced last week that […]

Small business loan approval rates fell in March 2020

All categories of small business lenders take a nosedive as coronavirus wreaks havoc on economy Until the coronavirus pandemic hit the United States, small businesses were thriving and creating jobs, unemployment was at a 50-year low, consumer confidence was high, and in general the U.S. economy was sluggish. as strong as it has ever been […]

How to Submit Your PPP SBA Loan Application and Calculate the Loan Amount

Opinions expressed by Contractor the contributors are theirs. Many small business owners complete their Paycheck Protection Program (PPP) loan applications and run into common questions and hurdles. The immediate question currently revolves around two issues: First, how do I work with my bank or find a bank to submit it to? And secondly, how to […]

On day one, the small business loan application process is plagued with problems

Officials across the U.S. banking industry rushed overnight to roll out a massive new government-backed lending program to help small businesses ravaged by the coronavirus pandemic and many have not been able to make it happen before Friday’s deadline given that the Treasury Department released its lending guidelines late Thursday night. The $350 billion federal […]

12% of Americans have no chance of getting good loan terms

When most of us go to take out a loan, we’re worried about getting the best interest rate possible, but those with bad credit are more concerned with whether they’ll get approved in the first place. If they are, they often have to take what they can get because few lenders want to work with […]

Small business loan approval rates vary widely by industry

In a review of 30,000 small business loan applications sorted by industry over the past year, Biz2Credit surprisingly found that food service and accommodation businesses had the highest loan approval rates highest (51%) in 2018 compared to retail, healthcare, and professional and personal services. According to the study, food and lodging businesses, including hotels, caterers […]

5 Factors Besides Your Credit That Affect Personal Loan Approval

Your credit score isn’t the only factor that lenders consider when deciding whether to approve you for a personal loan. Image source: Getty Images. Your credit score isn’t the only factor lenders consider when deciding whether or not to approve you for a personal loan. When applying for a personal loan, you want to maximize […]

Cash Suvidha aims to disburse Rs. 400 Cr loan amount to over 50,000 borrowers in FY18-19

ANI | Update: April 24, 2018 11:53 STI New Delhi [India], April 24 (ANI): Cash Suvidha, a fintech start-up that began operations in May 2016 providing loans to SMEs, MSMEs, and personal and female entrepreneurs, added another feather to its cap. It disbursed approximately Rs 122 crore in loans during the 2017-2018 fiscal year and […]