Category: SME’s

December 2, 2021

The Power of Automating and Digitalizing Your Lending business

Automation has become synonymous to savings. Be it savings in time, dollars, or both. Banks and lending institutions around the world are now aware that a digital transformation can do them more good than continuing with their legacy lending processes that are more human-intensive and[...]

July 29, 2021

Benefits of Digitizing your Small-Business Lending

Small businesses, worldwide, are struggling. An April 2021 update by the World Economic Forum (WEF)[1], stated that 34% of US SMEs haven’t re-opened since January 2020. A recent White House fact-sheet[2], categorizes the rest to be non-competitive. It observes that “Small & Independent businesses had[...]

July 8, 2021

Loan origination software: Why it is popular among SMEs?

Loan origination is no longer the extended, laborious process we knew it as, a decade back. For years, traditional banking methods had us believe that loan sanctions were not an easy feat to achieve. Applicants needed to be present throughout the application process which could[...]

June 24, 2021

How COVID 19 has Changed the Demand for SME Lending?

29% of small businesses fail because they do not have sufficient capital. Only 48% of small businesses have their funding needs met. 56% of SMEs apply for a loan to expand their business, acquire new assets, or pursue new business opportunities. 36% of SMEs were[...]

May 27, 2021

Cash Flow: What It Is and Why It Rules Small Business Lending

Cash is the lifeblood of a business. Strong cash flow is a marker of a healthy business that is thriving. How important cash and finance is to any business does not need any description. Frequent phrases like, “Cash is King” and “Turnover is vanity, profit[...]

April 22, 2021

How Lending Fintech Is Helping Small Businesses Manage Their Cash Flow Challenge?

Starting and running a small business can be a mammoth task, mostly due to the cash flow challenges micro-entrepreneurs face along the way. Research says about 82 per cent of small businesses fail due to poor cash flow management or lack of adequate skills to manage cash[...]