Millions of businesses may have a way to prove their creditworthiness that lenders have not considered. Historically, lenders have looked for certain types of proof, but this may not be the right approach. The discussion around small-business loans has often started with the wrong question, focusing on what a business owns.

Further details on this issue are available, including how open banking could potentially change the way lenders evaluate creditworthiness. This could involve using a business's cash flow as collateral, rather than relying on traditional forms of proof.

More information on this topic can be found through Nairametrics, which has explored the potential of open banking to transform the way small businesses access loans.