A new survey reveals that gold plays a crucial role in helping Indian women entrepreneurs secure funding, particularly in Chennai, where it is the most preferred collateral option. The survey also highlights the increasing adoption of digital payment methods among women entrepreneurs, showcasing the success of initiatives like ‘Digital India.’
PCB Financial, Inc. has merged with Northern California Bancorp, Inc. and its subsidiary, Monterey County Bank, giving the local bank a significant capital boost. The merger will allow Monterey County Bank to expand its offerings, introduce new loan options, and strengthen its ability to support local businesses.
The California Small Business Loan Match, a free new tool, connects small business owners with responsible lenders. This tool is a valuable resource for small businesses seeking capital for growth and expansion.
Andromeda Sales and Distribution, India’s leading loan distribution network, witnessed remarkable growth in its loan disbursal business during the Financial Year (FY) 2023-24. The loans disbursal soared by over 23% to touch ₹75,397 crore. The home loan business surged to approximately ₹33,918 crore in FY24, up by over 22% from ₹27,798 crore in FY23. The Loan against Property distribution hovered around ₹24,776 crores, an increase of 10.33% from the preceding year’s ₹22,456 crores. Business loans experienced a notable surge of approximately 32%, rising from ₹5,255 crores in FY23 to ₹6,927 crores in FY24. Moreover, there was a substantial increase observed in the personal loan and other loan segments as well.
