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Summary
Our latest whitepaper explores a pivotal moment in small business finance, as demand for financing, liquidity, and financial guidance continues to accelerate. Download and read it now.
Created in collaboration with Biz2X and BCG, Urgency and Opportunity:
The Next Chapter in Small Business Finance examines how AI, government-led digitization, embedded distribution models, private credit, and emerging digital asset infrastructure are reshaping the economics and experience of small business finance.
The impact could be significant across the ecosystem:
- Small businesses drive ~40% of U.S. GDP and 45% of private-sector employment, yet access to financing remains uneven.
- Banks have an opportunity to re-engage a large segment with persistent unmet demand.
- Non-bank and embedded distribution partners are expanding reach by meeting SMBs in their workflows.
- Capital providers, including private credit, can expand access as data and transparency improve.
The whitepaper also outlines how these forces are resetting the cost curve, strengthening data foundations, and embedding finance directly into business workflows.
These themes will be discussed later today at
Biz2X Frontiers 2026: What's Next, with BCG thought leaders in Miami—huge thanks to the full author team: Bharat Poddar, Rohit Arora, Ryan Curley, Brad Mayer, Aanchal Gupta, Mahesh Kedia, and Brad Rosenfeld.
