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  • Why many lenders still rely on incomplete, outdated records that stall approvals and raise risk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

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.