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BXY207 Reading 17: The state of small business lending - credit access…
BXY207 Reading 17: The state of small business lending - credit access during the recovery and how technology may change the game
Between 2007 and 2012, the small business share of total net job losses was about 60 percent
Structural barriers that are impeding bank lending to small businesses, including consolidation of the banking industry, high search costs and higher transaction costs
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Some banks are even refusing to lend to businesses within particular industries or below revenue thresholds of $2 million.
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Costs of underwriting small business lending are also high due to heterogeneity of small businesses and lack of a secondary market
new online lenders and marketplaces may open up new pools of capital for small businesses through greater innovation in how small business loans are evaluated, decisioned and managed
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