Publications

Publications

Small Business Lending in the Digital Age

Small Business Lending in the Digital Age

Some of the highlights in the eBook include the following:

  • Since 2008, banks have shifted focus of small business loans to those in excess of $1 million, but the majority of small businesses are looking for $250,000 or less
  • A gap of $550 billion has been created as a result of banks’ focus on large small business loans
  • Online lenders have stepped up to the plate to service small businesses that aren’t in the market for traditional or SBA loans
  • Increased interest in the online lending industry prompted U.S. Treasury to release a Request for Information from industry players in August of this year
  • Online lending is a segment of the finance industry that will continue to grow, giving small businesses seeking $550 billion — that would otherwise have nowhere to turn for funding — access to business capital

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