This is the second in a two-part series. During our JumpStart process consulting assessments, we have heard some common threads around the challenges underserved small businesses face and how that impacts their ability to secure financing. I was able to bucket them into six categories and today I...
The continued evolution of technology and the explosion of online small business lenders has many mission-driven lenders, CDFIs and CDFI banks, searching for ways to compete and remain viable. Small business borrowers have a ton of options and expect a quick and seamless experience. On the other ...
Through our unique experiences as both a direct small business lender and process optimization consultant, we’re often asked to provide our perspective on the challenges today’s small business borrowers face when attempting to access capital. Over time, we have observed and documented six common ...
Over the past four years, marketplace lending has grown by over 700%. Loan volume at 13 of the largest online lenders grew from a modest $2 billion in 2010 to a staggering $16 billion in 2014. As mission-driven and responsible lenders, we have a role to play in this new world. The good news? The&...