When it comes to small business (SMB) lending, the top two contenders for business owners are banks and alternative financiers or online marketplaces. The U.S. government wants to change that.
Dough is a new, venture-backed, online e-commerce site and subscription service that can help anyone quickly find and buy a wide variety of consumer goods—all from women-owned businesses.
The transition from combat to business owner isn’t always easy – luckily hundreds of organizations and groups are eager to assist veterans and help them succeed.
Can the industry continue to play ‘catch up’ or completely sit out as more agile digital solutions convert traditional bank customers?
Source: The Financial Brand
The bill would fund the Treasury’s Community Development Financial Institutions (CDFI) Fund at $300 million for FY2020, a $50 million increase from last year.
Source: Credit Union National Association