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Small Business Lending

topic on 2 shows · 3 statements across 3 episodes

Top Founders the MAD Podcast

3 statements about Small Business Lending, every show

TOP FOUNDERS Disclosure
Divvy paused its SMB lending product during COVID-19 and plans to relaunch
“Well, we do have that set up. We are not Fully launched on it simply from a product standpoint, we actually launched it pre COVID. We pulled it obviously with COVID. And now we're, you know, going to start launching it again.”
Alex Bean May 17, 2021 ▶ 11:52 Divvy Founder Sees Clear Path to $100m, 20k Customers, Most Revenue from CC fees, $1b+ in GMV
TOP FOUNDERS Assertion Not checkable as stated
Chris Doyle: Other small business lenders see 10% to 20% annual losses
“Sub three percent in small business lending. I mean, you're talking about 10 to 20% annual losses for some of these other lenders.”
Chris Doyle Jan 2, 2021 ▶ 13:27 Billd Construction Fintech Lends $100m to Subcontractors, Makes 12%+ Spread
MAD Insight
Breslow: Electronic data enables fundamentally faster, novel credit decisions
“By collecting electronic data on small business, you could really make a different kind of loan decision in a much faster time frame.”
Noah Breslow May 29, 2014 ▶ 4:10 Panel Discussion // Data Driven #27 // May 2014 (Hosted by FirstMark Capital)

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