• LexisNexis® Risk Solutions

Small business lending fraud is a growing trend and it’s costly for small and midsized business lenders. Over the past two years lenders have experienced a 7.3% increase in small business fraud. All types of lenders have been affected – large banks, small banks, credit unions and digital lenders. Small banks and credit unions reported that they lost 4.5% of revenues due to small business lending fraud.
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