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Podcast: Accelerate Your Business Growth
Episode: Then & Now: The Evolution of SMB Lending 10 Years After the Financial Crisis
Description: The average small business loan through the SBA’s bank-funded 7(a) loan program is nearly $420,000, and the ROI of issuing smaller loans has yet to be proven to big banks. Thus, they do so in less frequency, which puts a roadblock in SMB access to financing and business growth. Darrell Esch, Vice President and General Manager of SMB Lending at PayPal discusses the state of SMB lending, the need for SMBs to have access to smaller loans, and how industry initiatives serve as a critical stimulus for business growth.
Darrell Esch is PayPal’s VP, Commercial Officer, PayPal Credit. In his...