27.10.22

Lama AI announces $9 million seed funding to unlock credit for small businesses

When a small- or midsized business (SMB) approaches its bank with a request for credit, there is only a 20% chance that it’s qualified for full financing. Many of these businesses then turn to private lenders and merchant cash advance (MCA) providers, borrowing at potentially double-digit annual percentage rates (APRs).

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