Why Small Business Clients Need Digital Options

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