Big Banks, Credit Cards, and Small Business Lending

Capital One's credit-card operations give it a big role in financing small business Photograph by Paul Taggart/Bloomberg

A familiar narrative around small business lending goes something like this: Big banks are slow to evaluate small business borrowers, and they often deem loans too risky to fund. Seeking speedier approvals and easier credit standards, business owners take on alternative financing, paying higher borrowing costs for the faster money.

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