The Danger Of Being Sold On Alternative Lending

Posted by TerryRobinson under Finance
From http://tweakyourbiz.com/finance/2014/08/07/danger-sold-alternative-lending/ 3756 days ago
Made Hot by: AmyJordan on August 20, 2014 5:06 pm

Alternative lending has been going through a Renaissance over the past few years. Even as the U.S. economy continues to get closer to a real recovery, access to traditional business financing for the nation’s smallest businesses (those with 20 or fewer employees) has hardly budged...

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Comments

Written by 27will
3749 days ago

Nice article Terry. Alternative lending is an interesting space for all the reasons you mentioned. On the one hand, the underwriting technology used by many alternative lenders allows many more businesses to get funded, and was even mentioned by former SBA chief Karen Mills as a potential disruptor of stagnant lending practices. On the other hand, there are plenty of unscrupulous lenders out there who only have dollar signs in their eyes. Finding an alternative lender that is willing to work with a business based on relationships is tough, but not an impossible task, and it is still often easier to achieve than finding a traditional loan program. Thanks for the insight.

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