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A significant theme in the conversation is the necessity of democratizing access to capital for underserved communities, including veterans, women, and minorities. Historically, the lending process has been riddled with risk aversion, often creating barriers for aspiring entrepreneurs.
Parlay Finance aims to address this by streamlining the lending process through technology. Their solutions provide banks with the ability to assess applications efficiently, allowing them to consider more small businesses that traditionally might not fit into typical lending criteria. By enhancing transparency in the application process and helping potential borrowers understand what lenders look for, Parlay seeks to empower small businesses on their journey toward becoming “bankable.”