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