Brokers and Funders will be squeezed by embedded lending
After reading this report, what are your thoughts on the longer-term impact of embedded lending on funders and brokers who don't have the proper partnerships or software to take part in this growth?
"PYMNTS Intelligence research finds that 56% of microbusinesses were not highly satisfied with credit tools’ availability in 2024. Moreover, 37% of small businesses and microbusinesses reported being highly likely to switch to a payment provider that offers embedded lending, a subset of embedded finance. That share nearly doubled to 69% among those that had used embedded lending in the last year.
Moreover, small businesses are more satisfied with financing tools when they are embedded. The same study found that 72% of microbusinesses and small businesses that used embedded lending were highly satisfied. In contrast, only 57% of those that used other types of lending said the same."
I am working a group that has developed forecasting software that works with Quickbooks. I have all the lenders and experience to apply this to various funding options. All that missing is a lender platform that is compatible with Quickbooks to offer a seamless source of various funding options.
Steve Benjamin
Professional Business Loans
Irvine, CA 92620
steveprobiz@gmail.com
949.228.1050
https:/probizloans.net/