The pandemic opened up opportunities for many banks. Many smaller banks that had not fully automated their small business loan application procedure are now heading in that direction. Banks that participated in the government’s Paycheck Protection Program (PPP) lending to help small businesses survive the pandemic often gained these small businesses as customers, and now that the PPP is over, they may again be able to help them by providing traditional term loans and SBA loans.
Read more here: https://www.forbes.com/sites/rohitarora/2021/07/14/as-economy-recovers-loan-approval-rates-increase-for-small-businesses/?sh=50de2e1262dd
The B2SMB Institute champions Small-Business-centric thinking and practice that insures those who develop and deliver products & services to SMBs are successful. By focusing on what reaches, engages, wins, keeps and grows SMB customers, the Institute addresses the challenges our Members confront on a daily basis.
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