SBA forges ahead with Funding Circle license despite pushback

Lisa Jacobs, CEO of Funding Circle, said during a conference call with investors that "a simpler, more profitable combined U.K. business will deliver greater shareholder value with improved profitability and cash generation. Visit:- https://www.americanbanker.com..../news/sba-forges-ahe

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The decision to approve the fintech's application to make 7(a) loans came nearly a month after Funding Circle's U.K.-based CEO hinted it is considering a sale of its U.S. operations, alarming some members of Congress.