Small business loan approval percentages at big banks ($10 billion+ in assets) decreased again from 13.1% in September to 13% in October, according to the latest Biz2C.
Biz2X, a leading digital lending SaaS platform and a subsidiary of Biz2Credit, on Wednesday announced its partnership with TruBoard, a prominent asset performance management company, on the Maadhyam platform. The collaboration is aimed at addressing the growing concern of Non-Performing Assets (NPAs) in retail and small business loans. It empowers Maadhyam clients to efficiently manage their portfolios, substantially reduce NPAs, and foster better financial inclusivity for SMEs.