Taking SMB Lending From Inefficient to Effective

Historically, business lending has been riddled with manual, labor-intensive processes, taking anywhere from 35 to more than 120 days to complete. The process typically starts with the lender requesting a mile-long list of financial reports, including balance sheets and financial statements, bank statements, tax returns, accounts payable and receivable, details about the vendors on those lists, as well as details [...]

2019-01-30T11:03:43+00:00Categories: Blog|Tags: , |

Product vs. Relationship SME Lending

As SME lending strengthens and evolves, two categories of lenders have emerged: product oriented and relationship oriented. Product-oriented Lenders Product-oriented lenders offer SMEs a more transactional service. They are on-boarded efficiently and there can be very little personal contact between the SME and lender. The focus is on clarity of offer, value for money, efficiency, ease of use and speed. [...]

2019-01-30T11:16:51+00:00Categories: Blog|Tags: , , |

Four Factors Driving SME Lending

The commercial lending industry has undergone considerable change. With low interest rates coupled with a more stable financial environment, we’ve seen tremendous growth with new opportunities for both lenders and the businesses they support, particularly small to medium size businesses (SMEs). Overlooked in the last few years due to stagnant growth, SMEs are now considered an important factor of the [...]

2019-01-30T11:17:00+00:00Categories: Blog|Tags: , , |