• Financialit
• 24 Dec, 2020

Online lenders appeared in large numbers after the 2008 economic crisis offering alternative financing to those rejected by banks. The demand for their services has been huge as traditional financing institutions took almost a decade to increase small business lending. However, due to the nature of these businesses, the majority of their clients were the so-called “bank rejects”. This means that they were mostly high-risk clients with poor credit scores and no collateral. Therefore, online lend
Read more...