We recently contributed to Entrepreneur Magazine by providing an analysis of the alternative lending market for small to mid-sized business. We provided an excerpt and link to the full article below.
The small business lending market has been primed for disruption ever since the economic downturn began. On one end of the market, you have traditional banks that are conservative in their approach to issuing small-business loans due to risk and profitability concerns. Then, there are merchant cash advance providers that continue to capitalize on small businesses by offering financing at rates as high as 60 to 80 percent on an annualized basis. This bar-bell effect in the market has opened the door for a new segment of online alternative lenders to better serve small businesses. Read more.
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More Questions? Ask your small business loan questions or find an accountant online.
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