Small business SMB Lending has been strong in 2017 and recent figures indicate that the trend will continue in the coming year. Projected growth in small business SME lending could make the segment profitable for banks and credit unions. For local businesses, building relationships is paramount; so is offering a smoother borrower experience.
Small businesses SMB Lending best practices:
- Offer business owners a better borrower experience.
- Build relationships with small businesses.
- Gear the underwriting process towards small business-specific risk factors.
Check out the below link for Pros and cons to any Small Business SMB Lending