PROVIDR Resources
Research, guides and perspectives on small business credit, from the team building PROVIDR.
If you have spent any time evaluating technology vendors for SME underwriting in the past few years, you have noticed something: nearly every platform claims to use AI. The company that OCRs your bank statements and populates…
There is a lending segment that most banks either avoid or underserve. Not because the borrowers are too risky, but because the economics of serving them, under traditional underwriting models, do not work. The $50,000 to…
There is a category of SME underwriting technology that is more sophisticated than automated spreading and less capable than credit intelligence, and it is currently the most dangerous vendor category in the market. They…
There is a category of technology product in the lending market that has become very good at a specific, narrow task: Automating workflows, data ingestion, spreading, whatever you want to call it. What does that really mean?…
There is a statistic that should stop every community bank executive in their tracks: community financial institutions once held 45% of sub-$100,000 SME loans in the United States. Today that number is 9%.
Every loan officer knows the drill. Application comes in. Documents get chased and organized. Bank statements get downloaded. Numbers get entered into a spreadsheet by hand, cross-referenced against tax returns, P&Ls, and…
Small lenders know (or should know) their respective markets better than any algorithm. They know which restaurant owner has been packing the house for a decade, which contractor never misses a payroll, which wholesaler has…