The Digital Imperative – New Age Lending for Small Business
If you are a midsize bank, you cannot overlook what’s happening in the Small Business Banking space. Today’s small business is the big business of tomorrow. However, that’s not the only point. Lending to a small business is a different ballgame from large commercial loans. Banks lending to small businesses realize that the margins are leaner and the creditability much harder to establish. As a lender to small businesses, you need to understand what your customers are looking for, how can you increase their lifetime value, and of course as a new age lender how do you get the technology right in order to achieve it?
HIGHLIGHTS OF THE PAPER:
- What are the opportunities and threats in small business lending today?
- Key drivers in small business lending
- How the right technology can drive up volume for SBA lending
- How business for SBA lending can be optimized by enhancing the lifetime value of your customers