THE FIVE TRILLION DOLLAR GAP
TRADITIONAL LENDER Estimated Time of Arrival:
DIGITAL LENDER Estimated Time of Arrival: 24 HOURS to funding
10 WEEKS to funding
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1
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2
2
1. Application 2. Automated Decisioning 3. Approval
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1. Application 2. Submit
3. Manual
Processing
Documentation
4. Approval
These lenders entice SMEs away from traditional credit options with simple, often digital, application processes, rapid decisions, and high approval rates. Leading fintechs have driven major innovations in the space, enabling digital providers to use technology that decreases approval times from months to minutes, without added risk exposure. And that leaves traditional lenders trying to compete, holding their paper maps.
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