Fraud in Small and Medium-Sized Enterprise (SME) Loans Increased Over the Past Year

More Defaults Expected by 2025

Date:

Autor: Funds Society, Miami

In particular, fraud is often detected within the first month of the relationship with a new client

Fraud in SME loans is steadily increasing, but it is gradually moving away from the influence of the pandemic

More than 80% of respondents stated that fraud in SME loans has increased by nearly 14% over the past year, despite lenders being less willing to issue new credit