Can fintech create the friction-free financing small business needs?

Can fintech create the friction-free financing small business needs?

/ Getty Images Most small businesses that have tried for a loan know the frustration of banking bureaucracy. They face endless paperwork and justification, followed by high interest rates and the call for personal collateral. It can drain your resources, not to mention your will to live. In its 2016 Battle of the Banks survey of 11,000 SMBs, the Canadian Federation of Independent Business found that the smaller the company, the less happy it was likely to be with its bank. Financial technology (fintech) companies are eager to get in on the small business loan market, using digital solutions […]

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