The Small Business Administration is simplifying loan requirements, automating more of the process and expanding the pool of nonbank lenders licensed to issue SBA loans. The moves will make it easier for financial-technology firms to participate.
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Small-business lending is about to change, with simpler requirements
“The whole SBA process is so time-consuming, much more so than what I have had to do for a traditional loan, for investors, for leases or anything.”
