Live Oak might go public

If it goes public, Live Oak would list its common stock on the Nasdaq market under the ticker symbol LOB. Live Oak Bank, one of the countrys largest small-business lenders, is not a consumer bank but rather it originates loans to businesses in a range of sectors, including veterinarians, dentists, funeral home operators, pharmacies, family…

ReverseVision Adds Credit Report Integration to RV Exchange Reverse …

SAN DIEGO, Calif. /California Newswire/ — ReverseVision, Inc. announces it has added automated credit reporting capabilities to RV Exchange (RVX), ReverseVision#39;s flagship reverse loan origination system (RLOS) platform. Through this integration, reverse mortgage lenders are able to automatically import a borrower#39;s credit information directly into RVX#39;s Financial Assessment (FA) module. This functionality will allow users…

Why Errant Bankers Get Sweetheart Deals: Weekly Wrap

Injustice for All? Rep. Maxine Waters condemned US prosecutors for perpetuating a two-tiered system of justice in which low-level drug offenders are handed harsh sentences while bankers who commit crimes go free. The message for the very wealthy and powerful is that they will always be insulated from accountability — even as hundreds of thousands…

GLI Finance aims for 8% yield with new debt fund

GLI Finance (GLIF ) is looking to raise more than £100 million in equity capital for an onshore, main market-listed investment trust investing in a portfolio of global, non-bank originated small business loans. The trust will target an annual yield of 8% and aim to be fully invested within six to nine months. The company will…

More firms undertake data format revision for credit bureau

The CIC credit data base will open opportunities for micro, small, and medium enterprises (MSMEs) to leverage their good credit behavior to gain access to loans and other financial services. “This will allow a broader base of the population to access a variety of financing options intended for consumption and productive economic activities,” the CIC…

Raising Capital For Small Businesses

Small businesses are believed to be the driver of an economic recovery. But how does someone go about raising the capital needed to buy an existing small business or to start a new one? And what about growing a small business when its time to expand? Well talk with business lenders to get their perspective…