This Week in Fintech's Podcast

🎧 The Fintech and AI Series: Small Business Lending

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Apr 30, 2025
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ANECDOTE

SBA Lending Complexity Story

  • SBA lending is extremely complex and frustrating with hundreds of pages of regulation and many PDF forms to fill manually.
  • Lucas Haffer and Ryan Hildebrand collaborated closely to simplify this process, creating software that drastically improves SBA loan origination.
INSIGHT

AI Could Have Transformed PPP Loans

  • COVID's PPP loan program exposed massive inefficiencies with manual underwriting and stressed the banking system.
  • AI could have sped up decisions, preserved underwriter mental health, and improved loan quality and availability.
INSIGHT

Legacy Software Blocks AI Progress

  • Banking relies heavily on decades-old legacy software, creating a gap between available AI technology and what banks actually use.
  • Bridging AI research and banking infrastructure knowledge unlocks transformational automation opportunities.
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