Small Business Lending Environment in Canada
Panel entitled, "Small Business Lending Environment in Canada." Panelists include: Monica Brand Engel, Quona; Jeff Mitelman, Thinking Capital; Steven Uster, FundThrough; Troy Wright, Lendified; David Gens, Merchant Advance Capital; Cato Pastoll, LendingLoop; Moderator: Peggy Van De Plassche, CIBC. Recorded at LendIt USA 2017. Panel explores a diverse set of small business lenders based in Canada; topics covered include the differences of regulation, underwriting, and views on traditional banks between Canada and the rest of the world; Canada has five large banks which control a majority of the market which makes it hard to build a brand as an alternative lender; panelists answer how they can overcome this challenge and scale their business; they also share their thoughts on the current market opportunity and what the future holds for fintech companies in Canada.