The Future of Fintech and the American Dream

Small business lending was first recorded over 3000 years ago when merchants in Mesopotamia borrowed silver and paid interest to fund their businesses. In many ways, the truths of small business lending have been constant over time. Small business lending is risky and filled with frictions. All this may be changing with the innovations that technology has brought to the sector. The author concludes with three predictions for the new world of small business lending and posits positive outcomes from transformations that fintech innovations will bring.