The State of SMB Lending: David Snitkof Breaks Down the Data
SMB credit conditions are sending funders a complicated set of signals.
Year-over-year measures suggest that certain aspects of small-business financial health are improving. At the same time, Ocrolus’ Q1 2026 data showed median operating margins moving into negative territory, rising payroll pressure, and a significant decline in debt-service coverage. The report draws from transaction-level financial data associated with more than 254,000 SMB loan applicants.
In this Funder Intel interview, David Snitkof, General Manager of SMB at Ocrolus, explains what went into the company’s latest State of SMB Lending report and how funders should interpret its sometimes conflicting findings.
Should funders tighten their credit boxes, pay closer attention to particular business segments, or reconsider how they measure risk altogether?
Watch the full conversation for David’s perspective on what the numbers are telling the SMB lending industry and what funders should be watching as they get into the second half of 2026.
