Banks Reject Small Business Credit Applications Five Times More Than Enterprise Clients, New Study Finds

Keeping Score: Why Data Quality Determines Lending Decisions

A new PYMNTS Intelligence report shows that despite their small scale, micro-businesses are crucial to local economic function. According to “Keeping Score: Why Data Quality Determines Lending Decisions for the Smallest Firms,” a collaboration with Markaaz, barriers to lending to this sector don’t just hobble lending—they stall the momentum of the very businesses that play a key role in keeping local economies running.

In this report, learn:
  • Why many lenders still rely on incomplete, outdated records that stall approvals and raise risk
  • How financial institutions can use trusted data from third parties to boost their lending and profits
  • Why real-time, third-party data access that prioritizes speed provides actionable solutions that quicken underwriting decisions

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