Economy
Fintech lenders widen credit access for small businesses, but risks remain
New underwriting models are helping traders and service providers secure working capital faster than traditional banks.
Morenikeji Cole6 min read
Digital lenders are expanding access to working capital for small businesses that have historically struggled to meet bank collateral requirements.
Operators say transaction data, inventory patterns and mobile payment records are improving credit decisions.
Consumer advocates warn that pricing transparency and debt recovery practices need closer oversight as the market grows.
The strongest models may be those that combine fast approvals with financial education and flexible repayment structures.
