The SBA Should Start Working More With Fintech Lenders

In an op-ed in American Banker the head of Funding Circle USA, Bernardo Martinez, calls on the U.S. Small Business Administration to do more to work with fintech lenders; the SBA 7(a) program is the largest conduit for capital to small business approving over 68,000 loans totaling more than $25 billion in 2017; it is an important government mechanism to drive growth in the economy but it needs to be brought into the 21st century; Martinez says, “Establishing a new relationship between the SBA and fintechs can help this program not only weather the inevitable next shutdown, but also expand and accomplish its mission more effectively.” Source.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.