Beginning early 2010, after the Great Recession, when the American housing market blew up and the world fell into a financial crisis, traditional banks like Chase or Citi were reluctant to stretch the fresh new and smaller businesses one credit. While the global financial markets slowly recovered, both self-regulation and government regulation over conventional banks, meant that underwriting standards for new loans increased to such a level that most small businesses were no longer eligible to borrow from the regular banking system.

The latest “new” underwriting criteria of conventional loan providers left a big emptiness in financing in order to small businesses and merchants the exact same. Continua a leggere