Small loans, also known as small loans, are a form of financial service primarily aimed at small and medium-sized enterprises, micro enterprises, and individual entrepreneurs, providing them with relatively small loan amounts. This loan model is relatively flexible and aims to meet the borrower's short-term funding needs. Compared with traditional large loans, small loans place more emphasis on simplicity and speed, usually with simplified approval processes and faster loan disbursement speeds.

1. Definition of small loans: Small loans are loan methods based on personal or business reputation and repayment ability, usually with small amounts, used to meet short-term funding needs for production, operation, consumption, emergency, and other aspects. Its loan amount is much lower than traditional commercial bank loans, but precisely because of this, small loans are more convenient and efficient in serving small and micro enterprises and individual entrepreneurs.
2. Service targets of small loans: The main service targets of small loans include small and medium-sized enterprises, micro enterprises, individual businesses, and ordinary consumers. These groups may find it difficult to obtain large loans from formal financial institutions due to various reasons, and small loans precisely solve their short-term funding needs.
3. Characteristics of small loans: Small loans have the characteristics of small amounts, simplified approval processes, and fast loan disbursement speed. Compared with traditional bank credit, small loan companies pay more attention to personalized and differentiated customer service, and can respond to borrowers' needs more quickly. In addition, small loans usually adopt unsecured or weakly secured methods to alleviate the borrower's mortgage pressure. This is very beneficial for some startups or individuals, as it helps to stimulate their innovative vitality. Meanwhile, due to the relatively small amount of small loans, their risks are also relatively controllable.
In summary, small loans, as a form of financial service, have played an important role in supporting small and micro enterprises and individual entrepreneurship. Its flexible and fast characteristics enable more people in need to easily and quickly obtain financial support, thereby promoting economic development and social progress.