The Promises and Pitfalls of Agentic AI for Small Business Lending

Small businesses often struggle to access capital. Traditional business loan approval processes are slow, subjective and oftentimes rely on outdated models or incomplete data. Using AI to improve loan decision-making can be a game changer for both lenders and SBBs. Our panelists will discuss how AI is transforming lending through automated data collection, enhanced risk assessment, and faster loan approvals. The panel will also discuss the potential risks to using AI in lending decisions including algorithmic bias, data privacy concerns and a lack of transparency about lending decisions.