One of the biggest pain points a small business client faces is the time required to apply for a loan or line of credit. Banks can solve this problem by digitizing their small business lending process, and in doing so, they can also reach a broader swath of small businesses, says Steve Allocca, CEO of Funding Circle. Whether a bank chooses to digitize all or part of its small business lending process, leverage emerging technology can make borrowing easier and more accessible to small businesses.

Topics discussed include:

  • Improving Convenience
  • Fully Digital vs. Hybrid
  • Data Privacydo

Steve Allocca

Managing Director, U.S. & President

Steve Allocca is the president and managing director of Funding Circle US, a leading online lending platform for small business borrowers that has originated $4.3 billion to 42,000 small businesses in the U.S. and $20.2 billion to 135,000 small businesses globally since 2010.


Prior to joining Funding Circle, Mr. Allocca held senior positions at several of the world’s leading financial institutions including PayPal, Wells Fargo, Loan Science, Lending Club and BlueVine. 


Mr. Allocca is passionate about supporting small businesses and is committed to helping Funding Circle US build the place where small businesses get the financing they need to win.