Square: Business Funding Originations, Loss Rates Steady in Q3
Block's Square Loan division originated 120,000 loans for a total of $1.17B in Q3, and the company's origination figures in the first nine months of this year are similar to the last nine months of 2022, suggesting that Block is being cautious and conservative. Loss rates on Square Loans also remain consistent with historical ranges. Read more
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Tips From Tibbs | Cheryl Tibbs' Vendor Marketing Guide provides an in-depth look into the importance of vendor relationships in the equipment finance industry and how to properly pursue them, allowing brokers to move from hunting for individual deals to being the recipient of multiple deals per week. It also emphasizes the importance of continuing to learn and sharpen knowledge in the field. Read more
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Fintech Hasn't Stopped. There's Still Room for Constant Improvement in Lending | Fintech is rapidly transforming the banking and lending world, with AI and machine learning technologies being used to streamline processes and detect potential risks. However, human decision-making is still necessary to ensure that businesses are not exposed to any potential risks. Read more
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