Pandemic Bound to Change SMB Lending Market

Small businesses have always had a hard time keeping track of cash flow and banking while trying to run their businesses; many owners are very good at producing their core products but lack the skills needed to navigate the confusing world of small business banking; alternative finance and banking providers have helped to bring access to more small businesses than ever before; the current crisis has allowed banks and the SBA to catch up on the digital experience, though it was not without a fair share of issues; alternative lenders have always used speed as a competitive advantage, something banks have yet to compete with; the speed at which SBA loans went out during the crisis might begin to shift the market; if banks are able to lend at almost the same speed as fintechs will that crowd them out of the market?; if it does then many small businesses will lose the access they desperately need because banks’ underwriting standards are not changing anytime soon. Forbes 

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.