Banks Still Aren’t Lending to Small Businesses

A new report is out from Oxford Economics which found that a decade after the financial crisis, small businesses are still neglected by traditional banks; not surprisingly small businesses have turned to non-bank lenders; the report is called Big Business of Small Business and was launched in partnership with Funding Circle; according to the report, banks continue to focus on lending to larger companies as commercial lending continues to grow; in 2018 32% of small businesses worked with online providers, up from 19% two years ago; the press release shares other highlights of the report and how Funding Circle is making a difference in the US. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]