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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

trillion between 2019 and 2022. Lending processes at many banks and credit unions impair their growth efforts. A 2022 report by industry research firm Datos , formerly Aite-Novarica, said lenders have limited levels of automation in a market that requires scale, speed, and loan application volume for success.

article thumbnail

The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

trillion between 2019 and 2022. Lending processes at many banks and credit unions impair their growth efforts. A 2022 report by industry research firm Datos , formerly Aite-Novarica, said lenders have limited levels of automation in a market that requires scale, speed, and loan application volume for success.