Banking and Finance Industry News

AFTER THE GOLD RUSH OF 2018, CANADIAN SMALL BUSINESS LENDING TICKS UP

The latest data release from PayNet shows that lending activity to Canadian small businesses improved slightly in April after declining for nine consecutive months.

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CANADIAN SMALL BUSINESS LENDING CONTINUES SLOW DESCENT

The latest data release from PayNet continues to show a slowdown in lending activity to Canadian small businesses.

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Equifax acquires PayNet to help expand access to capital for small and mid-sized businesses

Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.

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Canadian Small Business Lending in Decline

The PayNet Canadian Small Business Lending Index (CSBLI) seasonally adjusted originations decreased 1.7% from 113.5 in January 2019 to 111.6 in February 2019 — its eighth consecutive monthly decline — and remains below more than half of all historical readings.

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Canadian Private Lending Activity Slows

Today’s data release from PayNet provides the latest evidence that the lending cycle is turning from steady increases to moderate pullback for Canadian small and mid-sized businesses.

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Canadian Lending Steady for Now

The PayNet Canadian Small Business Lending Index, a leading indicator of small business health and confidence, increased 7% over the prior year in December, representing the eighth consecutive year-over-year increase.

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New Foundation Study Examines Role of Independents and Reveals Secrets of Their Success

What is the domain of independent financing companies? How do independents create value and differentiate themselves from often much larger and lower rate competitors?

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Numerated and PayNet Partner to Improve Digital Lending

Turn-key integration to enable financial institutions to leverage PayNet’s MasterScore® within Numerated’s real-time lending software.

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Downshift in Canadian Small Business Investment, Reflecting Tenuous Nature of Economic Expansion

While October saw the sixth consecutive month of year-over-year investment increases, growth is slowing.

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Small Business Growth Remains Strong and Steady in Canada, According to PayNet

September marks fifth straight month of year-over-year investment increases.

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Canadian Small Businesses See Sustained Growth, According to PayNet

August marks the fourth straight month of year-over-year increase in investment.

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PayNet Sees Canadian Small Businesses Settle into Steady Growth

Canadian private companies moving in the right direction after more than a year of contraction

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Canadian Private Businesses in Decisive Turnaround, According to PayNet

Canadian small business investment levels have shifted from contraction to expansion.

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Canadian Private Businesses Poised for Turnaround, According to PayNet

Increased investment continues in industries and provinces

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