Chris Doyle: Other small business lenders see 10% to 20% annual losses
Chris Doyle · Billd Construction Fintech Lends $100m to Subcontractors, Makes 12%+ Spread · Jan 2, 2021 · at 13:27
Chris Doyle, CEO of Billd, compares his company's near-3% default rate against the broader small business lending sector.
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“Sub three percent in small business lending. I mean, you're talking about 10 to 20% annual losses for some of these other lenders.”
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