The small business lending space has seen a lot of innovation over the last decade with fintech leading the way. But there is still much more work to do as many small business still lack the access to capital that they deserve.My next guest on the Fintech One-on-One podcast is Steve Allocca, the head of Funding Circle USA. He has worked at some of the biggest names in fintech (PayPal, LendingClub, Bluevine and now Funding Circle) working on this challenge of helping small business access capital. Funding Circle is a pioneer in this space and recently they received the news that they have been approved for a new SBA 7(a) lending license.In this podcast you will learn:Steve's deep and varied history in the fintech space.Some of the lessons he has brought to Finding Circle.What attracted him to the role at Funding Circle.The typical terms of their core term loan product.Their approach to underwriting small businesses.The impact on demand of the increase in interest rates.What it means for Funding Circle to be approved to be an SBA 7(a) lender.The timetable for when they will be able to start making SBA loans.How they are building their lending as a service offering.How they interact with the Funding Circle head office in the UK.Some of the new hires they have made to the leadership team.How they can get a clearer picture of small business data.What is top of mind for Funding Circle for 2024.Connect with Steve on LinkedInConnect with Funding Circle on LinkedInConnect with Fintech One-on-One: Tweet me @PeterRenton Connect with me on LinkedIn Find previous Fintech One-on-One episodes