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6 realities for banks about lending to small businesses

Abrigo

Bank management understand that the process small business owners go through to apply for a loan at most financial institutions is often archaic. Instead, customers expect the following process for applying for business loans : • You fill out some basic information online and get an answer quickly from the institution.

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). There are currently 13,000 community banks in the U.S.,

Lending 100