Patrick True
Aug 7, 2020

A strong execution strategy can help banks from being overwhelmed, as well as create efficiencies for the institution and a better experience for customers.

Make no mistake: Competition for small businesses is heating up among big banks, credit unions, alternative lenders and every institution in between.

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The 29 million small businesses in the U.

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Thousands of small businesses emerge nationwide every day.

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The banking industry is in the midst of another good run.

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A small business owner doesn’t want to wait weeks for a decision—and today, they know they don’t have to.

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Bank marketing is no longer just a matter of pushing credit via traditional advertising.

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It’s no secret that small business loans historically offer small profit; in fact, there is little economic difference in funding a $100,000 loan versus a $1 million loan.

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Although small businesses have generated two-thirds of the economic growth in the United States since 1995, few financial institutions offer products or services built specifically to meet the needs of this vast and potentially profitable segment.

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Over the past year, the alternative lending industry has taken several steps forward and, then, a big leap backward.

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