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Small-Business Lending Is About to Change, With Simpler Requirements

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The Small Business Administration is simplifying loan requirements, automating more of the process and expanding the pool of nonbank lenders licensed to issue loans. The moves will make it easier for fintechs to participate.

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https://www.wsj.com/articles/small-business-lending-is-about-to-change-with-simpler-requirements-8578a895SBA overhaul will make it easier for fintechs and other nonbank lenders to issue loans, prompting worries about defaults

 

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