SMALL BUSINESS LENDING TRENDS & INNOVATION

This session will explore trends in small business lending and opportunities for business model innovation. Equifax will share new data on small businesses’ demand for new loans and line utilization, macro level lending trends, as well as several key trends (e.g. approval rates, balances) that are returning to pre-recession patterns of supply and demand. McKinsey will discuss changing small business preferences (e.g., increased openness to remote channels), persistent frustrations with key elements of today’s working model, especially as it relates to loan origination.