Last week, I wrote about my planned trip to Washington, DC, to lobby against opening up the SBA program to new fintech lenders and loosening the program's requirements.
As I reflected on my meetings, it became clear that the issue on the table is not about fintech – the goal is to open up access to capital to underserved entrepreneurs. This goal is lofty and essential – but there are better ways to solve it. Read more in my 21hats.com column today https://21hats.com/sba-lending-fintech-underserved/