recently released research using Funding Circle data that showed that fintech lending platforms’ use of alternate data, such as internal credit scores, meant those companies reached business owners who normally wouldn’t be able to work with a traditional lender.
“Overall, fintech lenders have a potential to create a more inclusive financial system, allowing small businesses that were less likely to receive credit through traditional lenders to access credit and to do so at lower cost,” the report said. According to lawmakers and supporters of rescinding the rule, the average good faith error with the program is more than $12,000 — a significant amount for many small businesses.
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Small businesses expect a recession, but hiring plans remain robust - San Francisco Business TimesAfter navigating the pandemic, supply chain headaches, a labor shortage and soaring inflation, most small businesses are confident they can weather a recession — and they do believe one is coming.
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Small business group files suit over Biden student loan plan | amNewYorkA small-business advocacy group has filed a new lawsuit seeking to block the Biden administration's efforts to forgive student loan debt for tens of millions of Americans — the latest legal challenge to the program.
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Small business group files suit over Biden student loan planA small-business advocacy group has filed a new lawsuit seeking to block the Biden administration's efforts to forgive student loan debt for tens of millions of Americans — the latest legal challenge to the program. The suit, filed Monday by the Job Creators Network Foundation, argues the Biden administration violated federal procedures by failing to seek public input on the program. It's one of a handful of lawsuits that have been filed by conservative business groups, attorneys and Republican lawmakers in recent weeks as the Biden administration tries to push forward with its plan to cancel billions in debt before November's midterm elections. Before reading this article I think now who would want to do that...🙄
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