Quick and easy small dollar loans
Why is it difficult for community lenders?
Why small business lending? Why now?
An easy way to apply for small business loans, powered by Machine Learning
A more effective way to decision small business loans using alternative data
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Small businesses are looking for easy, rapid access to small dollar loans, lines of credit and credit cards.
According to the SBA, 93% of small business loans are C&I loans less than $250K, while 89% are less than $100K.
McKinsey calls it the “Underserved Middle”. A $75K small business loan should not be treated like a $10K consumer loan or a $5M commercial loan.
Small and medium are not the same. There are more than 33 million small businesses in the U.S., 31 million of which have less than 10 employees.
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