Losing Out In Their Own Back Yard

November 2007
Bank Technology News;Nov2007, Vol. 20 Issue 11, p16
Trade Publication
The article focuses on the research that concerns small businesses in the U.S., as conducted by Baker Hill Corp. The study reveals that larger banks are processing small business loan applications much faster than community banks, and this is due to big banks' use of technology to extend loans to small businesses. There is only allegedly 1,400 small business loans that were processed by smaller banks last year, in compare to 19,000 small business loans that were processed by the larger banks.


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