Alternative lending continues to grow
Sep 14, 2023 Sean Albert
Obtaining a bank loan for a small business can be difficult, especially for new companies without a financial history. Even if you meet strict credit and revenue requirements, the loan process still requires significant time and effort. As a result, many businesses are turning towards alternative lenders to avoid the hassle of securing conventional financing - and for good reason.
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Why alternative financial services are growing in popularity
Jun 10, 2015 Sean Albert
Banks typically favor lending to established companies and individuals due to the assurance that their investments will be repaid. However, a largely underserved market - composed of small business owners and people with unqualified credit
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Emerging trends in alternative financial services
Jan 23, 2014 Sean Albert
Since the beginning to the Great Recession, alternative financial services have played a major role in a variety of markets and industries, especially considering the widespread tightening of credit among traditional banks and lending institutions.
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Why do people borrow?
Nov 02, 2013 Sean Albert
Over the past few months, there has been a lot of undeserved negative focus on the short term lending industry. This means of alternative finance has been brought through the ringer by government officials, consumer groups, media outlets and
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Competition has revamped the prepaid card market
Jun 10, 2013 Sean Albert
Prepaid products are steadily becoming more popular among consumers as fees and rates are declining for the alternative payment cards. NBC News recently reported that many banks and financial institutions have been forced to scrap expensive
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