How Fintech Lending Helps SMEs Access Bank Funding
Small and medium enterprises (SMEs) in any country routinely face hurdles in securing bank loans for the usual reasons: They can’t provide collateral to secure loans; they appear to be riskier borrowers than larger firms; or regulators have stricter norms for bank lending to them. But there is a sweet spot where SMEs and banks can work together, with fintech lenders playing a matchmaker, according to a new paper by experts at Wharton and elsewhere titled, “Collateral Effects: The Role of FinTech in Small Business Lending.”
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