Small business lending has traditionally been ignored by many larger financial institutions. So the Small Business Lending Index by Biz2Credit showed an interesting picture. www.biz2credit.com
Descriptive analytics are vital in the lending industry, but they only tell you what has already happened to your business. To model future business opportunities, you must expand from descriptive to predictive analytics.
Marketplace lending for small businesses is a hot topic. Private equity is dropping dollars galore in companies like Lending Club and Prosper. Articles are portraying the “Uber-ization” of lending. Is this the end of small business lending by banks as we know it?