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1. United States : Among Small Businesses Seeking Financing, Online Lender Applicants Cite High Interest Rates and Unfavorable Repayment Terms Amid Declining Approval Rates

Subjects
Small business -- Reports -- Statistics -- Surveys, Commercial credit -- Statistics -- Prices and rates, Payment -- Reports -- Statistics -- Surveys, Interest rates -- Surveys -- Reports -- Statistics, Commercial finance companies -- Statistics -- Finance, Company financing, Small business, Company pricing policy, SOHO, Business, international
Abstract

The share of small businesses seeking credit at online lenders steadily grew in the years leading up to the COVID-19 pandemic. Following the onset of the pandemic, however, applications to [...]

Published
2022

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