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small business lending

2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jan 2, 2021 by Chris Doyle · across every show →

Everything said about small business lending, oldest first

Jan 2, 2021 negative
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
May 17, 2021 positive
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
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