How Technology Influences Small Business Lending

Technology influences and reshapes every aspect of our lives. It’s changed the way we pay bills, how we shop, how we dine, how we make a hotel reservation, and even how we hail a cab. It’s no longer surprising if it also affects how small business owners borrow money to fund growth and to fuel other projects for their businesses. Debt statistics for small business loans right now is a solid proof that there’s a significant need for technological intervention to streamline the lending process and cater more borrowers. The advancement in financial technology did not only changed how many…...