{"id":12045,"date":"2019-06-14T09:00:55","date_gmt":"2019-06-14T09:00:55","guid":{"rendered":"https:\/\/www.microsoft.com\/en-gb\/industry\/blog\/?p=12045"},"modified":"2019-06-24T15:33:20","modified_gmt":"2019-06-24T15:33:20","slug":"how-ai-can-help-smbs-grow","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-gb\/industry\/blog\/financial-services\/2019\/06\/14\/how-ai-can-help-smbs-grow\/","title":{"rendered":"How AI can help SMBs grow"},"content":{"rendered":"
<\/p>\n
I\u2019ve spent over a decade in the finance industry. In my time, I\u2019ve seen how small and medium-sized businesses (SMBs) can view the traditional method of getting a business loan as a lengthy, complicated process involving masses of paperwork.<\/p>\n
There was a trend emerging in the financial industry for self-serving customers and alternative banking. We saw friends use credit cards and overdrafts because of the fear they had of applying for business loans. To us, this made little sense. It shouldn\u2019t be easier to get a credit card than a business loan. People shouldn\u2019t be nervous or scared about borrowing for business needs.<\/p>\n