With over 30.2 million registered companies in 2018, small and medium-sized businesses make up 99.9% of all US businesses. They're a powerful driving force of the economy, accounting for 1.9 million net new jobs in 2017 and nearly 50% of total US employment. Their sustained growth is critical to future economic developments. Yet, ironically enough, our banking system is unable … [Read more...] about How Machine Learning Models are Accelerating Small Business Lending
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The Evolution of the Commercial Lending Industry Due to Big Data Utility
There is no doubt that small businesses act as the foundation for the entire U.S. economy, and nearly half of the entire private workforce is made up of small businesses. Despite the large portion of the economy that constitutes these businesses, they have been classically ignored when it comes to commercial lending practices. This is primarily due to the fact that lending … [Read more...] about The Evolution of the Commercial Lending Industry Due to Big Data Utility
