Small Businesses and Big Banks are Collaborating with Online Lenders

Post on April 08, 2016

regions_logo“Online lenders reduce hurdles in terms of applying for and receiving a loan. It is generally a faster, more streamlined process,” says Sean McDermott, senior analyst, Corporate Insight, a competitive intelligence research firm focused on financial services and technology. “You also have a new wave of younger small business owners, the millennial generation, who are more apt with technology and more used to and comfortable having a digital relationship with a firm,” he notes.

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