MarketPlace Lending
May 30, 2017
Since the financial crisis of 2008, lending by nonbank entities has resulted in their portfolios to increase by 100%. While initially some of this growth was due to the fact that banks were dealing with the resultant fallout from the financial crisis and small-business lending was more restrictive, their ability […]
July 24, 2017
As of April 2017, the Small Business Administration (SBA) guaranteed 7(a) loans in the amount of $14 billion. This figure reflects an increase in volume of 9.4 percent over fiscal 2016. The 7(a) loan program, the agency’s most popular, provides guarantees up to $5 million. Another SBA program, the 504, […]
October 12, 2017
The landscape of lending is changing in part to the continued popularity of online lenders. A large number of today’s loan applicants are more likely to choose a non-bank lender for their financing needs for a number of reasons such as convenience and flexibility. However, community banks can remain competitive […]