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Can Lending Technology Revive America???s Small Businesses?

Harvard Business Review

The majority of small businesses rely on such loans, and in the fall of 2013 alone, 37% of small businesses applied for credit. Financial crises hit sources of collateral like real estate particularly hard, and this has negatively impacted smaller firms credit scores.

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Research: The Digitization of Banks Disproportionately Hurts Women Entrepreneurs

Harvard Business Review

As banks rush to digitize their operations , many have found that closing their local branches can help maintain a high return on an otherwise pricy transformation. since 2013 , and shrank by more than 1,700 in 2017 alone. Veronica Grech/Getty Images. reduction in a single year.