The rates they are charging are just complete...

The rates they are charging are just complete usury.

Understandable that this sector has been so ignored by most lenders. SME lending just really isn't feasible.

Even unsecured personal borrowers (e.g Plenti, Wisr, etc) can get much better rates than SME rates.

Goes to show just how risky small business lending really is.

I expect that the big banks will continue to dominate large secured lending (home loans, margin loans, larger commercial loans), and upstart financial players (Plenti, Wisr, Brighte), will dominate small scale personal loans, secured car loans, renewable energy (solar/battery) loans.

It remains to be seen what place is left for small business lending.