Small Business Owners Feel Credit Crunch
According to the latest Biz2Credit Small Business Lending Index released in February, the approval rates of small business loan requests at big banks have fallen for nine consecutive months.
Alternative Lenders Seek Larger Role in COVID-19 Response
With the coronavirus crisis shutting down thousands of small businesses and driving unemployment to new heights, fintech lenders argue they will have a key role in trying to revive this critical segment of the economy once the immediate public health crisis is over.
Government Shutdown Slowing Small Business Loan Application Rates
The government shutdown appears to be dulling loan application approval rates at small financial institutions.
