Americans are quite happy to look at nonbank lenders for their borrowing needs, but that doesn’t necessarily mean they distrust banks. A recent J.D. Power survey of small business owners released some startling figures — startling to banks, that is. Most borrowers, specifically small-business borrowers, consider nonbank lending options for their financingRead More
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If you need to borrow money, you picked a great time. New “alternative” –meaning nonbank — lenders are popping up every day. Within the past week, Kabbage, a small business lender, and SoFi, which helps refinance student loans, received large votes of votes of confidence from investors. More recently, person-to-personRead More