Podcasts about small business lending

Most operators think debt is dangerous. But what if the real problem is how we think about it?The opposite is true: when used correctly, debt is the single biggest growth lever in cannabis. Every major industry scales on borrowed capital — cannabis is the only one still trying to do it alone.This week we sit down with Adam Stettner to discuss:• Why debt — used properly — compounds growth• The difference between smart leverage and over-leverage• How operators can fix cash-flow bottlenecks and scale predictablyChapters00:00 Introduction to Adam Stettner and FundCanna.03:05 Adam's Journey into the Cannabis Industry06:12 Understanding Underwriting in Cannabis Financing09:05 The Importance of Client-Centric Financing11:56 Navigating Complex Variables in Cannabis Lending14:57 Building Infrastructure for Cannabis Financing17:48 Segmenting the Cannabis Industry for Better Insights20:55 The Unique Challenges of Cannabis Lending24:12 The Role of Transparency in Client Relationships28:23 Building Partnerships for Success29:29 Funding Options for Operational Efficiency32:29 Understanding Technology and Business Operations37:54 Navigating Debt and Financial Strategies42:10 Using Debt to Accelerate Growth52:46 Exploring Funding OpportunitiesSummaryIn this episode, Bryan Fields and Kellen Finney welcome Adam Stettner, CEO of FundCanna, to discuss the complexities of cannabis financing. Adam shares his journey from the apparel industry to cannabis, emphasizing the importance of understanding the unique challenges of underwriting in this space. He highlights the need for a client-centric approach in lending, the significance of transparency, and the innovative strategies FunCounter employs to navigate the cannabis market. Adam also discusses the importance of knowledge sharing and the metrics that indicate success in cannabis financing. In this conversation, Adam Stettner discusses the importance of building partnerships in the cannabis industry, focusing on how funding can enhance operational efficiency and support business growth. He emphasizes the need for flexible financial solutions that allow businesses to thrive without being constrained by debt. Stettner also highlights the significance of understanding technology and its impact on business operations, advocating for a metrics-based approach to financial decisions. The discussion concludes with insights on leveraging debt as a tool for growth and the importance of fostering relationships in the industry.  Guest Links:https://fundcanna.comhttps://fundcanna.com/about/adam-stettner/https://www.linkedin.com/in/adamstettnerhttps://www.linkedin.com/company/fundcanna/About Adam Stettner:Adam has 30 years of business, strategy and leadership experience in both Private and Public Companies. In 2021, Adam believed the timing and opportunity was right for him to bring his passion for business, innovative financing and entrepreneurial spirit to the Cannabis sector by creating funding products for all areas of this early stage, growth industry by founding FundCanna. FundCanna provides short term funding to all areas of the sector; cultivators, manufacturers, vendors, suppliers, distributors and retailers. In just its first year, FundCanna has underwritten roughly 3000 files and funded over 500 unique files bringing much needed liquidity and financing solutions to the legal Cannabis industry.Our Links:Bryan Fields on TwitterKellan Finney on TwitterThe Dime on TwitterExtraction Teams: Want to cut costs and get more out of every run? Unlock hidden revenue by extracting more from the same input—with Newton Insights.At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.The Dime is a top 5% most shared  global podcastThe Dime is a top 10 Cannabis Podcast The Dime has a New Website. Shhhh its not finished.

Small business owners need fast access to capital, with fair rates.  That's the reality that Lukas Haffer, chief executive of AI-native loan origination provider Casca, tells FinAi News on this episode of “The Buzz” podcast. For small business owners, the “No. 1 problem is access to capital,” he says. The time it takes to close a Small Business Administration loan, one guaranteed by the SBA, is 90 days, Haffer says. No one has time for that, he says. And this is where AI and a streamlined experience come in. Manual procedures in the lending process, including document collection, analysis and communication, can be streamlined with AI, he says. In fact, Casca is working with financial institutions to do just that. For example, when a client sends an email, creating a response that includes personalized messaging, previous correspondents, and necessary information, it can take 20 to 25 minutes, Haffer says. With Casca, that message can be created in 63 seconds. Casca, founded in 2023, continues to grow. Its most recent fundraise consisted of $29 million in a series A round, bringing total funding to $33 million, according to the company. The round was led by Canapi Ventures. Live Oak Bank, Huntington National Bank and Bankwell Bank also participated. Listen to “The Buzz” as Haffer discusses the opportunity for AI in small business lending and where Casca plans to expand its business. 

Duston Detrick, Vice President and Business Banking Relationship Manager at Associated Bank, joins Steve Grzanich on this week's Thought Leader conversation to discuss an analysis of how the government shutdown is impacting small business lending, as well as small business health insurance premiums.

Send us a textAbout 45 credit unions are customers of JUDI.AI and they are drawn by the company's simple promise: Eliminate friction in business lending.There is money to be made serving small businesses and JUDI.AI has the formula, says Gord Baizley, the company's CEO.A key is automating a lot of the process and that's JUDI.AI's business.  Here's why the company exists: “Small businesses are the backbone of our economy, but 40-50% of small businesses rank access to capital as their top challenge. At JUDI, we're transforming small business dreams into vibrant communities by increasing access to capital.”That's a big promise but, says Baizley, the company has had very little churn among credit unions who sign up.  That's because they believe they are getting value and also that in fact they are finding ways to serve their communities' small businesses.Just about every credit union, certainly all bigger than $500 million in assets, dreams about making small business lending a bigger slice of their portfolio.Baizley insists that dream can be reality.  On the show he tells how.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Recorded live at the 2025 FLAGGL Conference, this kickoff episode of Small Biz Florida's latest season features a powerful conversation with Raj Tulshan, Founder and CEO, and Emily Larsen Doxford, VP, of Loan Mantra, a financial technology company transforming how small businesses access capital. Host Tom Kindred explores how Loan Mantra blends a high-tech lending platform with high-touch human support to guide small business owners through the funding process. From preparing complete, lender-ready loan packages to connecting borrowers with a nationwide network of over 100 lenders, Tulshan and Doxford break down how their model levels the playing field and drives better loan outcomes. The discussion also delves into the challenges of micro-lending, the decline of traditional relationship banking, and why personalized financial mentorship is crucial to business growth in today's rapidly evolving lending landscape.   This podcast episode was recorded live at the 2025 FLAGGL Conference hosted at the JW Marriott Orlando Bonnet Creek Resort and Spa. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital.   Connect with Our Guest: https://www.loanmantra.com

In this episode of Small Biz Florida, recorded live at the 2025 FLAGGL Conference, host Tom Kindred sits down with Sarah Sams, Marketing Manager for mysherpas, a FinTech company transforming how small business loan applications are managed. Sams shares how mysherpas was born from the firsthand frustrations of entrepreneurs navigating the commercial loan process and how the platform now empowers both borrowers and lenders through a secure, intuitive, and organized digital portal. Designed to eliminate the back-and-forth of traditional email-based applications, mysherpas helps lenders collect the right documents faster while providing small business owners with clarity and control during the funding journey. With financial institutions rapidly adopting this type of technology, Sams highlights how mysherpas is setting a new standard in efficiency, security, and borrower experience. This podcast episode was recorded live at the 2025 FLAGGL Conference hosted at the JW Marriott Orlando Bonnet Creek Resort and Spa. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital. Connect with Our Guest: www.mysherpas.ai

Today we bring on Will Tumulty, CEO of Rapid Finance. He talks to us about how community banks can update their technology roadmaps to enhance their small business lending.   Learn more and register for Elevate here.   The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of SouthState Bank and its employees. SouthState Bank, N.A. - Member FDIC

A coalition of civil rights and small-business groups has filed suit against the Trump administration for halting a lending data rule mandated by the Dodd-Frank Act. Advocates say the rule is essential to preventing discrimination, while critics warn the rollback — alongside Trump's One Big Beautiful Bill Act — will widen the racial wealth gap. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Learn more about your ad choices. Visit megaphone.fm/adchoices

Teslar Software has been a really cool company to watch. We were first introduced to them way back during one of the first ICBA ThinkTECH's and it's been a joy to see them grow and get to know them. Also, I've always believed that the merging of small business and consumer business banking is a path to profitable banking in most communities. These become sticky customers and brand evangelists. Joe and the gang at Teslar agree and are talking about some ways that this can happen on their system. Check out Teslar at https://teslarsoftware.com/ Many thanks to ICBA Securities for their continued support! https://www.icba.org/icba-securities

Listen in for a special presentation of The Small Business Mindset.  Kirsten Flory's firm, Foundations Commercial, held a Small Business Lending Insights event with lending experts and clients.  They shared the different types of small business lending programs, and how you as a business owner, can apply!   To watch the full presentation on You Tube click the link HERE Key Takeaways: At some point in your business cycle, you will need a loan SBA lending is available for owner-occupied businesses Building a relationship with your lender is crucial Get organized financially before applying for a loan Understand your financial picture regularly (and update it!) Lenders will look at your credit history and debt-to-income ratio Keep your credit card balances low for better loan prospects Make on-time payments to maintain good credit history There are many programs available to help small businesses    

In this special crossover edition of Payments Pros and The Consumer Finance Podcast, Carlin McCrory and Jason Cover are joined by their colleague Caleb Rosenberg to explore the evolving landscape of small business financing. They highlight the significant growth in diverse financing products and providers, which have expanded funding access for small businesses, particularly startups.The discussion outlines the evolution from traditional bank lending to the rise of online and fintech solutions, which have filled gaps left by conventional lenders. The group also examines the complexities of the regulatory environment, focusing on the increased scrutiny from state legislatures and the introduction of consumer-like disclosure requirements for small business lending.Additionally, they consider the impact of recent legislative changes in states like Texas and Louisiana, which could transform financing practices. The conversation includes best practices for structuring and servicing financial products while also speculating on future regulatory trends and the potential influence of federal oversight by the FTC.

What do you do when your vision is bigger than your bank account?  When the hustle runs dry and the resources just aren't there?In season 2 episode 4, in partnership with Exit Strategies 360⁠ and Violand Management Associates, we're talking with guest Seth Vander Woude, VP of Small Business Lending at Live Oak Bank, about the real struggle of chasing a business vision when you're at the end of yourself.Most business owners don't have unlimited time, energy, or money—so how do you keep moving forward? Seth brings practical insight, hard-earned wisdom, and encouragement for entrepreneurs navigating that gap between passion and provision. Don't miss this conversation—it's one every leader needs to hear.

What do you do when your vision is bigger than your bank account?  When the hustle runs dry and the resources just aren't there?In season 2 episode 4, in partnership with Exit Strategies 360⁠ and Violand Management Associates, we're talking with guest Seth Vander Woude, VP of Small Business Lending at Live Oak Bank, about the real struggle of chasing a business vision when you're at the end of yourself.Most business owners don't have unlimited time, energy, or money—so how do you keep moving forward? Seth brings practical insight, hard-earned wisdom, and encouragement for entrepreneurs navigating that gap between passion and provision. Don't miss this conversation—it's one every leader needs to hear.

Samim Ghamami, Senior Economist at the U.S. Securities and Exchange Commission, joins Mark, Cris, and Marisa to explore the rapid rise of the private credit market. With global assets surpassing $2 trillion, Samim breaks down the systemic risks posed by this opaque yet fast-growing asset class. The discussion delves into private credit's role in middle-market lending, private equity, and new markets like infrastructure and real estate, as well as its implications for financial stability and regulation.Access the full paper, Private Credit & Systemic Risk here: https://www.economy.com/getfile?q=2107637A-C535-4AFF-83BC-6CBA1AD1FAB9&app=downloadGuest: Samim Ghamami, Senior Economist at the Securities and Exchange CommissionHosts: Mark Zandi – Chief Economist, Moody's Analytics, Cris deRitis – Deputy Chief Economist, Moody's Analytics, Marisa DiNatale – Senior Director - Head of Global Forecasting, Moody's AnalyticsFollow Mark Zandi on 'X', BlueSky or LinkedIn @MarkZandi, Cris deRitis on LinkedIn, and Marisa DiNatale on LinkedIn Questions or Comments, please email us at helpeconomy@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View.

Job quality is vital not only for workers, but also for small businesses and communities. Yet too many jobs today miss the mark on one of the key characteristics of a good job: providing enough pay to live on. Only 56% of full-time workers in the United States make enough money to cover their families basic needs. This problem is particularly acute at small businesses. Nearly 60% of low-wage workers work at businesses with fewer than 100 employees, and 35% of low-wage workers work at micro-businesses with fewer than 10 employees. Small businesses also struggle to address other characteristics of a good job, like providing adequate benefits, stable scheduling, and a positive work culture.Recognizing this context, in 2022, the Aspen Institute Economic Opportunities Program (EOP) launched the Shared Success project, funded by the Gates Foundation. The project supports 11 community development financial institutions (CDFIs) across the country to integrate job quality support into their small business services with the goal of improving job quality for small business employees and building business resilience. Three years later, EOP has seen how grantees have used innovative approaches to recruit, advise, and incentivize small businesses to improve job quality.This discussion is the first of two panels from our event, “How Good Jobs Support Small Business Success: Lessons from the Shared Success Demonstration,” which took place on May 21, 2025 at the Aspen Institute's office in Washington DC. Our speakers include Maureen Conway (Vice President, The Aspen Institute; Executive Director, Economic Opportunities Program), Israel Flores (Business Services Director, Northern Initiatives), Tristan Bredehoft (Co-Owner and Founder, Cafe Rica), Laura Owens (Chief of Staff,  VChief; Consultant, Four Bands Community Fund), Eunice Straight Head (Co-Director, Oyate Studio), and moderator Lauren Starks (Director, Good Companies/Good Jobs, Economic Opportunities Program, The Aspen Institute).During this event, we heard from leaders of CDFIs, their small business clients, philanthropic supporters, and other experts, and we discussed the lessons learned from Shared Success, ranging from practical tips about strategies for engaging small businesses in discussions of job quality to the range of job quality improvements CDFI clients helped their businesses make. We hope you enjoy this important discussion on small business support strategies that help businesses and workers both thrive, achieving Shared Success.For more information, including a transcript, speaker bios, and additional resources, visit our event page. For highlights from this discussion, subscribe to EOP's YouTube channel.Join us on Zoom on June 26 for our webinar on Advising Small Businesses on Job Quality: Lessons from CDFIs.

Are you confused about the difference between the SBA franchise directory and the franchise registry and what recent changes mean for your brand's growth and funding? We are diving deep into urgent changes in franchise funding, specifically around the SBA Franchise Directory, a topic you can't afford to overlook.We are joined by Edith Wiseman, President of FRANdata. Edith is breaking down everything from what FRANdata actually does, think deep dives into franchisors and franchisees, and how this information is used by lenders, suppliers, and franchisors.And most importantly, Edith is sharing the critical difference between the Franchise Registry and the SBA Franchise Directory. If you've ever mixed these two up this episode will bring you clarity. And we are digging into why the SBA disappeared and why it's back with a June 1, 2025 deadline.Edith Wiseman is the President of FRANdata, a leading franchise market research and advisory firm. With over 24 years in the industry, she transforms complex data into strategies that drive franchise growth and innovation. A trusted advisor to franchisors, lenders, and Fortune 500 companies, one franchisor said, “We couldn't have grown to 1,000 stores and beyond without her and her team.”Recognized by Entrepreneur and 1851 as a top woman in franchising, Edith has held key leadership roles within the International Franchise Association, including Board of Directors, Executive Committee, and Chair of the Supplier Forum. She continues to support industry advancement through initiatives focused on emerging brands and equitable growth, including the Ascension Initiative and the IFA Education Foundation.So, if you are confused by the upcoming SBA Franchise Directory changes and what you need to know then this episode is for you!ResourcesFranchise Directory - https://www.sba.gov/document/support-sba-franchise-directoryFranchise Registry - https://www.franchiseregistry.com/Current SBA SOP - https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programsBlog updates with summary of SOP changes - https://frandata.com/blog/Connect with EdithEmail - franchiseregistry@FranData.comLinkedIn - https://www.linkedin.com/in/edith-wiseman-281b6b/Call FRANdata - 800-485-9570Website - https://frandata.com/Episode Highlights:Understanding FRANdataDistinguishing the Franchise Registry and SBA Franchise DirectorySBA franchise directory changesEligibility and certification process for SBA Franchise DirectoryGuidance for existing and emerging franchisors and the SBA DirectoryKey recent SBA and lending changesConnect with Tracy Personal LinkedIn: https://www.linkedin.com/in/tracy-panase/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale JBF Franchise System - https://jbfsalefranchise.com/ Email: podcast@jbfsale.com Connect with Shannon Personal LinkedIn - https://www.linkedin.com/in/shannonwilburn/ JBF LinkedIn - https://www.linkedin.com/company/jbfsale

Send us a textThis show started out as an exploration of Jack Henry's 7th annual Strategy Benchmark Survey where CEOs of credit unions and banks reveal what really matters to them.  It's a data trich survey, there's a link in the show notes and I say that because the talk with Lee Wetherington – Senior Director of Corporate Strategy at Jack Henry quickly veered into what's happening in Washington DC and how changes - especially at CFPB - may impact credit unions.Along the way we discuss how this is an age where data rules, open banking is coming at you ready or not, you probably don't know your members nearly as well as you think, and small business relationships probably aren't what you think but they may well be critical to the future of many credit unions.Does that spicy stew have your taste buds dancing with excitement? It should because this is a show that plunges into the unexpected but it's stuff you need to know about banking tomorrow.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Want To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses?

Send us a textCredit unions, most of them, want more small business loans on their books but few credit unions know how to speedily and profitably process small business loan applications and consequently most are lagging when it comes to booking business.Meet Alex McLeod, a serial startup entrepreneur who now is tackling thee small business loan market with AI powered software that her company, Parlay Financial, is now selling to credit unions.  Her key message: succeeding in the small business marketplace requires the ability to offer fast verdicts on a loan app - same day preferably.  And because many of these loans are small, machines have to carry a lot of the load.The rest of her message is that the technology to enable all this is at hand.  ANd that's the game changer that just may help many credit unions to finally succeed at small business lending.Heads up: the show begins with around five minutes where we learn Alex;s journey to now and Parlay Financial.  Most of these shows have similar chat at the beginning but usually that winds up  on the cutting room floor. Not this time.  You'll  know why when you hear this story.Listen up. Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Send us a textQuick now, what is NACUSO?Of course that's the National Association of Credit Union Service Organizations  - and CUSOs just may be the credit union secret power.  On the show today is Seth Brickman, former CEO of QCash and now president of Ranqx, a powerful tool that can gather the necessary financial info from a wouldbe borrower, analyze and issue a verdict on a business loan application in a matter of minutes.  A typical credit union would take a couple weeks to get to that verdict - which, by the way, is “no” in two out of three cases.Brickman is a credit union true believer and he especially believes that credit unions have the pole position in lending to small businesses in their community - if they also have the right tools and process automation.On the show Brickman tells how Ranqx works - and it is already working at credit unions including MSU Federal Credit Union and also at CUSOs.Which brings us back to the question that opens the show: Does NACUSO matter?Brickman  has a passionate answer and - spoiler alert - probably you can guess it.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

This conversation took place during our March 24 event, “Advancing Innovation and Fairness in Small Business Finance,” hosted by the Responsible Business Lending Coalition and the Aspen Institute's Business Ownership Initiative. It features a panel discussion with Mickey Konson (Quantum Financial), Phil Goldfeder (American Fintech Council), Luz Urrutia (Accion Opportunity Fund), and moderator Jacob Haar (Community Investment Management).Ten years ago, when the Responsible Business Lending Coalition was founded, the nation was experiencing dramatic changes in the small business financing landscape, stemming in part from market adjustments after the Great Recession. Ten years later, the forces driving change are accelerating. The growth in new technologies, including AI; the aftermath of the COVID pandemic; and unprecedented growth in new small businesses starting are only some of the factors shaping the market.Yet the challenge remains: how do we harness the power of technology and innovation to drive greater prosperity and inclusion for small business owners, while ensuring that financial products support small businesses rather than undermine them?During this event, we heard perspectives from lenders, investors, policymakers, small business owners, and advocates about how to build a financing market that truly works for small businesses. The event featured three moderated conversations highlighting key trends, opportunities, and challenges in the small business financing market, followed by a reception that gave attendees the opportunity to explore this issue in greater detail with fellow stakeholders.For more information, including a transcript, speaker bios, and additional resources, visit: https://www.aspeninstitute.org/events/advancing-innovation-and-fairness-in-small-business-finance/Or subscribe to our podcast to listen on the go: https://podcasters.spotify.com/pod/show/aspeneopFor more information about the Responsible Business Lending Coalition, visit: https://www.borrowersbillofrights.org/We thank our colleagues at Community Investment Management for their generous support of this event.

With rising mortgage rates and a shifting economy, more investors are looking at small business lending as the smarter play. But is it really better than real estate? We break down the risks, rewards, and hidden opportunities in this changing financial landscape.

The luxury Ritz-Carlton Hotel in downtown Portland, Oregon may be in trouble after less than just two years of operation. Ready Capital, the lender to real estate group that owns the hotel announced a bleak future for the Ritz-Carlton in a report detailing the corporation's fourth-quarter earnings. 'The fourth quarter closes out a year of mixed results,' CEO Thomas Capasse wrote in a press release. 'On one hand, our Small Business Lending segment performed well, with significant origination growth reflecting the benefits of past investments. 'Meanwhile, our multi-family lending focused business faced challenges from higher rates, inflationary pressures, and lower rent growth.' The Ritz Carlton was an underperforming property in the group's investment portfolio, failing to earn revenue comparable to the average for all Ritz-Carlton hotels. The hotel's building, Block 216, was bought by real estate developer Walter Bowen in 2019 and opened in 2023. The 35-story tower boasted luxury rooms starting at $500 a night and featured 132 condominiums.

Join Alex McLeod, Founder and CEO of Parlay Finance, to discuss Small Business lending. As a thought leader in the space, we wanted to get Alex in here to discuss SBA programs, challenges from both the business and banking sides, and the benefits of a tech stack that supports SMB lending.Send us a textPresented by Remedy ConsultingTechnology Contract Negotiation & System Assessments, T&C Improvements, and FI Strategic Planning.For more information on BankTalk:BankTalk WebsiteSubscribe to BankTalk NewsRemedy Consulting WebsiteRemedy LinkedInTo speak on the BankTalk Podcast, please email us.

In this episode of Small Biz Florida, host Tom Kindred broadcasts from the 2024 annual FLAGGL conference in Orlando. During the event, Tom interviews Joshua Talbert, the co-founder and chairman of mysherpas, a FinTech company revolutionizing small business lending. Joshua details how mysherpas simplifies the often complex lending process by leveraging technology to enhance communication and document handling, benefiting both lenders and small business owners. Listeners will gain insights into how technology is reducing the time it takes to secure business loans and making the overall experience smoother for all stakeholders involved. This podcast episode was recorded live at the Florida Association of Government Guaranteed Lenders annual conference hosted at the JW Marriott in Orlando. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital. Connect with Our Guest: mysherpas

With all of today's financial technology, has small business lending lost ‘the human touch?' In this episode, we dive into the results of the FDIC's 2024 Small Business Lending Survey which finds that from the smallest banks to the largest institutions, small business loans are still generally made by…people.

Join host Chris Willis and guests Lori Sommerfield and Joseph Reilly in this episode of The Consumer Finance Podcast as they delve into the CFPB's recent study on differential treatment in small business lending. Discover the methodology behind the study, its findings, and the implications for small business lenders. The discussion also covers the significance of the CFPB's 1071 Small Business Data Collection Rule and its potential impact on the industry. Learn about the possible biases and limitations of the study, and explore the broader context of fair lending practices. This episode provides valuable insights for lenders and regulators alike, highlighting the importance of vigilance and proactive measures in ensuring fair treatment for all small business owners.

In this episode of Small Biz Florida, host Tom Kindred is joined by lending experts Nathan Shepard, Javier Jorge, and Daniel McDonald from Lake Michigan Credit Union. Recorded live at the 2024 Small Business Success Summit in Ponte Vedra, Florida, this conversation sheds light on the key differences between banks and credit unions, emphasizing how relationship-building can expedite the lending process for small businesses. The team discusses the growing demand for small business acquisition loans, with a deep dive into the versatile uses of SBA 7(a) loans and the strategic focus on small balance lending. Tune in to learn about the current lending landscape in Florida and how credit unions like Lake Michigan Credit Union play a crucial role in supporting small businesses. This podcast episode was recorded live at the Small Business Success Summit hosted at the Sawgrass Marriott Golf Resort & Spa in Ponte Vedra Beach, FL. This podcast is made possible by the Florida SBDC Network and sponsored by Florida First Capital. Connect with Our Guest: Lake Michigan Credit Union

If your business, brand, or idea needs funding, this episode is for you! Our new guest Host, Noa Simmons, is here to introduce us to her helpful start-up: GoodBread. A huge roadblock to any small business or entrepreneur or self-starter is access to cash. You need to make purchases to get things running, often before you can even welcome customers. Big lenders and banks can run you through a lot of paperwork and processes, just to shoot you down in the end. That's where GoodBread is stepping in. Get the scoop on Noa's mission to make our business goals easier to reach, with less stress. You can sign up for more HERE: https://goodbread.net/ ⇩ Find Catherine ⇩ Instagram: https://www.instagram.com/catherinehover/ Palette Co-Work Community: https://www.instagram.com/thepalettecommunity/ Paint and Sip: https://www.instagram.com/saratogapaintandsip/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a Text Message.Small business lending. Name a desire shared by most credit unions and those three words capture it. Most definitely want to do more small business lending but most also are falling short of their own expectations.On the show today is Sherif Hassan, an expert in how to better use data to make more and more profitable loans.Sherif is a veteran on this show.  He appeared on episode 113, almost four years ago, and his topic then was “The Opportunity in Small Business Lending.”It's not coincidence that this episode wears the same title - but this is a very different, very upbeat show. Sherif is convinced credit unions are well positioned to score very big in this market.  He tells why and how.Along the way Sherif tells about Benford's Law, a mathematical formula that automates fraud detection in loan apps.  There's a link in the show notes to a paper he wrote about it.There's also a link to a paper he wrote on highly cost effective data procurement. In one case a small business lender saved $325.000 a year simply by buying data to use in reviewing loan apps more effectively.  Many, many other lenders could do likewise, says Sherif.If you want an upbeat, optimistic show about doing better at small business lending, this is the episode for you.Listen up.Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

Joining us today is Cory Kampfer, President of Small Business Lending at Enova, which operates the leading small business lending brands OnDeck and Headway Capital. Cory has been immersed in the small business lending space since 2011 when he joined OnDeck. Over his tenure, he's witnessed the evolution of fintech lending and how it has transformed access to capital for Main Street businesses like retailers, contractors, accountants and more. In this episode, Cory provides his unique perspective on the key financial needs and challenges facing small businesses today based on data insights from Enova's $18 billion in originated loans. He discusses how fintech lenders like OnDeck are able to better service this market compared to traditional banks and other financing sources. Cory also shares how the borrower experience and application process has progressed over the years to become quicker and more digital-friendly. We'll learn what metrics and approaches Enova uses to continually improve that journey. Whether you're a small business owner, entrepreneur, or just interested in the lending landscape, this is an insightful discussion you won't want to miss. Let's dive in! The big ideas SMBs struggle to access financing from traditional banks: "There still is a real gap in terms of traditional banks and financing sources lending to small businesses, not because I don't think they may want to, but they're just not calibrated to do it very well." Online lending has become more accepted and appealing to SMBs: "What we see more that's very different from what we started with is, people, in many cases, go first to an online lender, because the application process is just so quick and easy. And they can get the answer that they need." Using technology and data analytics is key to efficiently underwriting SMB loans: "We need to leverage technology. We have lending algorithms that help us through machine learning to give offers in a much more automated way...you need to leverage the data and the analytics, which our teams ingest, and then can give you a loan offer in the matter of minutes or hours." A smooth application experience is crucial for attracting and retaining SMB borrowers: "In the application process, we want it to be a quick and easy process for them to be able to get through it...it's great to see that kind of repeat traffic because obviously what we did is working to help them grow their business." SMBs are optimistic about growth despite challenges: "The survey we just did, what it screams is that small businesses are very optimistic. They're hiring – you can see that in the data in terms of their investing more in employees. That's kind of putting their money, where their mouth is."

Send us a Text Message.Scrolling through LinkedIn, I happened upon this post on Seth Brickman's page: “I am excited to announce that I am now the President, Ranqx and can't wait to help credit unions help small businesses and change communities for the better.”Stop presses.  Brickman, longtime listeners to this podcast well know, had been CEO of QCash, an innovative service birthed at WSECU and which had been sold to Alloya, a bit over a year ago.What was up with Brickman?  On LinkedIn he also posted a Ranqx press release that quotes him saying this: “Small businesses make up almost half the workforce, half of the US commercial revenue and over 60% of net new jobs. The ability to help small businesses get access to the capital they need in a fully digital way with each credit union's own underwriting criteria in under 5 min (as opposed to 1-2 weeks) will be a game changer for communities nationwide and bring businesses back into the credit union. Any time we can drive deposits and impact communities at the same time, we are doing good things for the industry.”We had to book him on the show.Here's the core Ranqx selling proposition: its technology can let a credit union process a loan app from a small business in perhaps five minutes as opposed to the two weeks it might take a human employee to do the same work.Oh, consider that maybe 70% of small business loan apps are declined by credit unions.  And each of those applications consumed two weeks or more of human labor.Bring on the machines!Brickman knows that most credit unions are struggling to bring in small business members. And he believes the Ranqx tools - white labeled - will enable credit unions to more successfully attract small business members.In the show he also notes that Ranqx is already a CUSO, it has credit union investors but is looking for more. He also says he soon will be looking to hire sales people - email him here.Give the guy a break, too. We talked on his fourth day at Ranqx.  Listen up.  Like what you are hearing? Find out how you can help sponsor this podcast here. Very affordable sponsorship packages are available. Email rjmcgarvey@gmail.com  And like this podcast on whatever service you use to stream it. That matters.  Find out more about CU2.0 and the digital transformation of credit unions here. It's a journey every credit union needs to take. Pronto

In this episode of The Lending Link LIVE, host Rich Alterman is joined by Mike Horrocks, SVP of Corporate Strategy and Product Marketing at Baker Hill, at the 2024 FinTech Meetup in Las Vegas. Horrocks brings over two decades of experience at Baker Hill, specializing in commercial lending, small business lending, and risk management. Throughout their discussion, they examine the evolving underwriting standards in commercial lending, emphasizing the impact of advanced technologies and data on enhancing decision-making and operational efficiency. Rich and Mike explore how these technological innovations are addressing the shifting demands of the finance industry. This conversation provides valuable insights into how technology is transforming finance, improving processes, and addressing key industry challenges.

In This Episode: Ron Benegbi, founder and CEO of Uplinq, and Derek Ellington, a banking executive and strategic advisor to Uplinq, discuss how Uplinq is leveraging technology and alternative data points to greatly improve the lending process to small and mid-sized companies.

Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires financial institutions to collect and report data on small business lending to the Consumer Financial Protection Bureau (CFPB). The details of the CFPB 1071 rule are laid out in an extensive 888-page document, so it's no surprise that many financial institutions aren't sure where to start when it comes to preparing for compliance.In this episode, Abrigo Senior Consultant Paula King offers a comprehensive exploration of the rule's main elements, some first steps for compliance, and a brief overview of how it has been received, including the legal controversies following the rule. As financial institutions wait for finality on this regulatory shift, it's important for banks and credit unions of all sizes to understand the nuances of Section 1071. Listen in for insights into the future of small business lending.  Helpful links:Webinar: Understanding the impact of CFPB 1071 on small business lendingBlog: The CFPB section 1071 effective dateChecklist: CFPB 1071 Rule: Checklist for compliance successCheck out the series!Ahead of the curve: A banker's podcastLooking for ideas, tips, and best practices to take your financial institution to the next level? Look no further than this podcast featuring insights from banking leaders and advisors across the industry. We'll tackle a range of topics — technology implementation, loan grading, banking cannabis, and more to ensure you stay ahead of the curve in this fast-changing environment.You can find all episodes of the podcast on abrigo.com or on your favorite podcast app or platform. We can help you navigate 1071 deadlines and compliance. In addition to our 1071 resource page for lenders, which has updated information to help prepare for the new requirements, Abrigo's Loan Origination Software will have all required data fields in a borrower-facing collection form, access to pre-built reports, and the ability to export for CFPB reporting. Your financial institution can comply with 1071 while streamlining the origination process and ongoing customer management while working with a trusted partner of 2,400 institutions. Talk to a specialist to learn more.

The US Small Business Administration facilitates a lot of small business loans all across the country. A small Upstate bank actually broke into the top 25 list of SBA lenders last year with more than $177 million in SBA loans. That's out of more than 1,500 banks nationwide. Mike Switzer interviews Beth Hallock, president of SBA lending at United Community Bank in Greenville, SC.

In this special solo episode of The Consumer Finance Podcast, Chris Willis provides an important update on the Consumer Financial Protection Bureau's (CFPB) new small business lending data collection and reporting final rule — the Section 1071 Final Rule. In October, a Texas federal court entered a nationwide injunction covering all small business lenders, essentially saying that both the implementation and enforcement of the 1071 rule would be stayed pending the outcome of the Supreme Court's decision in the Community Financial Services Association case. Chris addresses the timing of the injunction, its impact on small business lenders, including the "free look" period for lender to voluntarily collect 1071 data, and what small business lenders can do to prepare for the potential lifting of the injunction after the Supreme Court's decision.

Danae Perkins, senior analyst for small business lending at Curinos, shares insights on how banks and credit unions can better utilize data to connect with small-business borrowers and manage risks inherent in a high-rate environment.To learn more, please email our Sales Solution Expert John Antiskay at john.antiskay@curinos.comRate and subscribe! | Learn more at curinos.com | Questions or feedback? Email us at finsights@curinos.com

“Often, economic change occurs at this level of the economy,” says Umpqua Bank EVP Richard Cabrera about the middle market of the commercial sector. “While economic concerns still linger, there's tremendous optimism.” The latest episode of the ABA Banking Journal Podcast — sponsored by Intrafi — continues a series of conversations on the business outlook, following last week's episode on the perspectives of CFOs at large corporates and the upper end of the middle market. In this episode, Cabrera discusses: What Umpqua Bank's latest Business Barometer survey says about optimism and growth plans among small businesses and the middle market, which represents 45 million jobs and one-third of U.S. GDP. How banks can work effectively with small and middle market clients, including advising on cybersecurity. Why small and middle market businesses in the western U.S. are more optimistic than their counterparts in other regions. The growing trend of onshoring and nearshoring in middle market supply chains — and what that means for their commercial real estate needs. The continued strength of industrial and warehouse real estate.

Rob Straathof, CEO of Liberis - Embedded Finance and Small Business Lending Trevor Prince sits down with Rob Straathof, CEO of Liberis, an embedded finance platform that partners with companies like Klarna, Barclaycard, and Worldpay to empower small businesses with funding solutions. Through analysis of data on its partners' platforms, Liberis provides small businesses with pre-approved funding offers and streamlined access to capital. To date, Liberis has funded over 50,000 businesses with more than £1 billion in funding. In this episode, Rob discusses his path from an aspiring astronaut to leading a global FinTech company, Liberis' platform relative to traditional lenders, as well as business funding options and their impact on small businesses. He also discusses his experience and perspective on working with regulators in financial services, GenAI's applications in business, and much more. About Rob Straathof: Rob has served as the CEO of Liberis for over 8 years. Prior to Liberis, he led Corporate Development at Wonga.com and worked in Tech and FinTech M&A at JP Morgan. Rob's career journey began early on in his family's delicatessen and catering business in the Netherlands. Rob is passionate about creating value and impact for small businesses and their communities. He earned a Master of Science in Economics from Erasmus University Rotterdam, and enjoys flying as an instrument-rated private pilot.

Small- and medium-sized businesses are a huge lending market that's hugely overlooked. Will Tumulty, CEO of Rapid Financial Services, talks about the needs small business owners face and describes how his company is working to meet those needs and in the process, combine smart technology and smarter customer interaction to redefine how SMB lending is done.

President and Head of Banking at Citizens Sarah Lindstrom shares advice for small business owners looking for loans to start or expand their businesses, as well as how the economic environment stands currently in New Hampshire in regards to inflation pressures, supply chain issues, increased wage costs and finding talent.

Director of Consumer & Small Business Lending Lindsay Burkhalter joins host Rutger van Faassen to discuss Curinos' recent Perspective “Precision Pricing in Small Business Lending,” co-written by Lindsay and Adam Lee Purvis (Director, Real Estate & Consumer Lending). Read the Perspective: https://curinos.com/our-insights/curinos-perspective-precision-pricing-small-business-lending/Rate and subscribe! | Learn more at curinos.com | Questions or feedback? Email us at finsights@curinos.com

Manager of Small Business Lending Strategy Bryan Snyder joins host Rutger van Faassen to discuss the implications of the recent fed hike on small businesses. Rate and subscribe! | Learn more at curinos.com | Questions or feedback? Email us at finsights@curinos.com

The CFPB's final rule implementing Section 1071 of the Dodd-Frank Act represents major change to how banks process and handle small business loans — taking what in many banks is a bespoke, tailored financial product and requiring a whole new way of doing business. On the latest episode of the ABA Banking Journal Podcast — sponsored by Intrafi — ABA SVP Kitty Ryan discusses: An overview of the Section 1071 final rule. Implementation deadlines and partial wins in extending them from the narrow timeframes in the proposed rule. Other wins from ABA advocacy, including on privacy and on racial and ethnic identification that aligns the final rule more closely with the statute. Software challenges banks will face as they implement the final rule. Despite a few improvements, why ABA continues to be disappointed in the final rule — with an open advocacy call for Congress to rescind the rule.

For many small business owners, the first step on the credit ladder is the hardest, and they may miss opportunities to build business credit and grow their business while relying on personal credit instead. On the latest episode of the ABA Banking Journal Podcast — sponsored by R&T Deposit Solutions — Amegy Bank EVP Jevaughn Sterling talks about Zions Bancorporation's Small Business Diversity Banking Program, organized as an “special-purpose credit program” under Equal Credit Opportunity Act. Sterling discusses: What defines an SPCP and how it is designed to improve access to capital by helping small business owners build business credit instead of relying on personal credit. How Zions designed the Diversity Banking Program to be tailored to the needs of disadvantaged small business borrowers. How loan terms may look similar and different for Diversity Banking Program participants. The nuts and bolts of designing, getting regulatory approval for, launching and marketing the Diversity Banking Program. Results seen, lessons learned and tips for other banks considering a special-purpose credit program. His own career journey as a commercial lender. View ABA resources on special purpose credit programs.

News of Silicon Valley Bank's collapse late last week jolted the banking industry and sent many people's anxiety levels to an elevated state as they contemplated the ramifications of more financial turmoil. As this story continues to evolve on a national scale, having local context of the associated impacts of this recent instability is important for business owners and residents alike. On this week's Mind Your Business, we visit with Brian Greer, Watauga Market President of LifeStore Bank. He explains the steps that led to the demise of Silicon Valley Bank, while also sharing the differences between banks like SVB compared to community and regional banks that are more prevalent in our marketplace. While providing reassuring remarks about confidence in the community banking system, Greer also explains the types of benchmarks in your personal or business banking habits that should motivate you to talk with your banker or financial planner, so potential issues can be avoided. If you have questions about your coverage, or would like to learn more about FDIC insurance and how it works, we encourage you to access the following resources: Understanding Deposit InsuranceFDIC Deposit Insurance FAQsFDIC CalculatorsMind your Business is produced weekly by the Boone Area Chamber of Commerce. The radio show airs each Thursday morning at 10:05AM on WATA (1450AM/96.5FM) in the High Country. The podcast version of the program is made possible each week by Appalachian Commercial Real Estate and sponsored in part by Appalachian Regional Healthcare System. Support the show

Today we are talking to Jonathan Fodera, who has been in business financing for 14 years and has helped thousands of entrepreneurs get over 500 million in funds for their businesses. He's the founder of Integrated Business Financing (https://www.integratedbusinessfinancing.com/), which is a small business lending marketplace that specializes in getting businesses into the best financing programs they qualify for. Learn all about business financing, how to get money for your business, when you should get financing, where to start, and how to grow. Should you get a loan? Should you get a line of credit? When should you do that? When should you avoid that? All those steps and more.  This is the Brands On Brands Podcast with Brandon Birkmeyer GET THE WEEKLY NEWSLETTER This is the best way to have branding and marketing secrets delivered to your inbox, and get first looks at new resources. https://www.brandsonbrands.com/bteam SUBSCRIBE TO MY CHANNEL Watch each week as we interview the top minds in marketing and share tips to build brands that matter. https://www.brandsonbrands.com/youtube CONNECT WITH ME Connect with me on social media: https://www.brandsonbrands.com/hotlinks JOIN THE PODCAST BRANDING ACADEMY Get your free podcasting 101 starter kit and more! https://www.podcastbrandingacademy.com CONVERT 1 HOUR INTO 1 MONTH OF CONTENT Get my Ultimate Guide to Repurposing Content, which includes 3 Content Creation Tips, 11 Content Creator Tools, 30 Repurposed Post Examples, 28 Content Calendar Prompts, & 30 Bonus Post Ideas https://www.brandsonbrands.com/toolkit

In this episode, Joe is joined by the founder and CEO of Fountainhead, Chris Hurn.  Fountainhead is a Small Business Administration (SBA) approved direct commercial lending firm. As a non-bank lender, Fountainhead provides personalized service and expertise to small business owners and entrepreneurs. Chris explains the SBA lending process and tips on overcoming the challenges of funding. Joe and Chris also discuss the different paths to business ownership and the opportunities to Veteran entrepreneurs. Learn more about Fountainhead here.    About Our Guest   Chris Hurn is the founder and CEO of Fountainhead, a Small Business Administration (SBA) approved, nationwide, nonbank, direct commercial lending firm that specializes in providing growth financing for business owners. He and his executive team have collectively closed over $24.09 billion worth of projects making them one of the most experienced teams in commercial lending to owners of small to mid-sized businesses.     Join the conversation on Facebook! Check out Veteran on the Move on Facebook to connect with our guests and other listeners. A place where you can network with other like-minded veterans who are transitioning to entrepreneurship and get updates on people, programs and resources to help you in YOUR transition to entrepreneurship.     About Our Sponsors Navy Federal Credit Union  If your New Year's resolution has anything to do with fixing up your house then Navy Federal can help you get started on your next home improvement project. They offer a home equity line of credit with convenient access to funds when you need them at a variable rate. You can also get a fixed-rate equity loan that has set monthly payments for large purchases.  Learn more at navyfederal.org.  At Navy Federal, our members are the mission.     Want to be our next guest? Send us an email at interview@veteranonthemove.com.  Did you love this episode? Leave us a 5-star rating and review!  Download Joe Crane's Top 7 Paths to Freedom or get it on your mobile device. Text VETERAN to 38470. Veteran On the Move podcast has published over 460 episodes. Our listeners have the opportunity to hear in-depth interviews conducted by host Joe Crane. The podcast features people, programs, and resources to assist veterans in their transition to entrepreneurship.  As a result, Veteran On the Move has over 7,000,000 verified downloads through Stitcher Radio, SoundCloud, iTunes and RSS Feed Syndication making it one of the most popular Military Entrepreneur Shows on the Internet Today.

This week we are excited to bring to you a different type of episode with Marti Hoffer, the Founder and CEO of Lumenomics whom I met at the WBENC conference. I met Marti at WBENC as she was one of the guests on stage speaking discussing financing her small business. Part of her conversation was centered around CDFIs and how they were the first organization to provide her small business with capital. If you are wondering what a CDFI is, let me explain further. Community Development Financial Institutions (CDFIs) are specialized community based financial institutions with a primary mission to promote economic development by providing financial products and services to people and communities underserved by traditional financial institutions, particularly in low income communities. That is what is said on the website. The bottom line is these places have money for people who cannot otherwise get access to capital. They also include community development banks and credit unions, and non-regulated institutions such as non-profit loan funds or venture capital funds. So in this episode Marti shares briefly what she did and how she did it. So who is Marti Hoffer and what does Lumenomics do? Lumenomics is a natural daylighting company designing, installing, and servicing integrated performance illumination systems for commercial buildings. After over 25 years of experience in the window treatment and lighting control industry, Marti Hoffer, founder and CEO of lumenomics, noticed a problem: customers purchase window treatments to increase the use of electric light, not decrease it. With her vision to increase the use of natural light by decreasing reliance on the electric light in spaces through integrated shade and lighting systems. So that's the premise of their business and that's what they do. Tune in to this short but sweet episode with our next giant, Marti Hoffer.