Trade Finance Awaits FinTech Boost PYMNTS.com

Lenders in the U.S. overwhelmingly plan to expand financing activity this year. According to new research from Magilla Loans, which offers an anonymous search engine data for both home and business loans, a survey of mortgage and business lenders found plans to originate more than half a trillion dollars' worth of loans in 2018. According to the report, 88 percent of lenders plan to lend more in 2018 than they did in 2017, and more than a third (36 percent) said they plan to lessen requirements for loan approval. While the data included business loans, Magilla noted that mortgages are the main driver behind this trend. So while lending volume in the U.S. might be expanding, gaps in business finance – especially among SMBs – remain.