Chris Skinner writes about the state of small business financing today and how alternative lenders are getting serious traction; companies like Funding Circle, iwoca and OakNorth continue to grow as banks show no signs of loosening their strict underwriting standards; Skinner points out that it is not all good news, though, as LendingClub recently shut down their their SME financing arm and the the CEO of Barclays Business Bank, Ian Rand, predicted recently that many of these new fintech lenders will eventually go bankrupt. Source.