As usual, alternative lending is ranking high in everyone’s news feed and here’s why.
Business Insider cited new survey results today which show that not only do 85% of institutional investors want to put money into alternative lending platforms, they want to focus on small business in particular.
“…many small company owners had turned to online lenders after having rejected traditional loans as “too difficult” or “too slow.”
Yesterday, smallbiztrends.com list all the reasons why small businesses should go to an online lender. You don’t need to convince us!
It’s world-wide: even ICSA, the qualifying body for those in governance, risk and compliance in the UK and self-appointed “custodians of integrity” are talking about the demand for alternative lending. This expectation doesn’t come out of nowhere, in 2014 the total amount raised through alternative forms of lending was an estimated £1.74 billion, double that of 2013.
Jerry Weiss, proudly sports “dad jeans” in a new start-up small business lender after 3 decades with some of the nation’s biggest banks.
After being stuck in “endless meetings and endless levels of approvals for everything” for far too long, Jerry wanted to “break free and have fun again” and now he values his personal relationships with applicants as he sees them growing their small businesses.