The commercial lending industry is facing a period of flux heading into 2023. The long recovery from the pandemic is finally settling down and the businesses that survived are getting…
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Digital tools and automation are becoming standard in all industries, including financial services, like commercial lending. Robotic process automation (RPA) promises to maximize efficiencies across operations by using easy-to-use, no-code…
Financial services credit unions are often underutilized by businesses looking for commercial loans. Especially small, local businesses, who may benefit from the better rates, flexibility and personalized touch that credit…
Commercial lenders need to assess a ton of financial information to get a clear picture of a company’s solvency. It can take up to a month or longer for banks…
The Small Business Administration (SBA) lends over $750B annually, according to their 2020 reporting. These loans range from their signature government-backed 7(a) loans to microloans, and the funds can be…
Though the commercial lending industry is highly automated in customer-facing applications, much back-end processing remains antiquated. Commercial lending relies intensely on manpower to find deals, figure numbers, evaluate risk, create…
If you’re a commercial lender doing your part to grow a business, you need every advantage you can get. Sometimes those advantages will come in the form of a new…
There has been a lot of movement in commercial lending heading into Q4 of 2022. Take a look at just a few of the business banking highlights in the last…
