Google Adwords has just introduced new guidelines regarding the promotion of personal loans on the world's largest search engine. Advertisers that promote loans, including financial institutions, marketplace lenders, and lead generators must make consistent disclosures about loan terms and cost. The details are outlined in Google's new Financial Services Policy, specifically related to personal […]
30 hours of paperwork. Countless conversations with the bank. Weeks of wait time before a decision. Getting a small business loan is so time-consuming, in fact, that 31% of businesses who applied for a loan in 2015 considered it a negative experience – this is according to Barlow 2015 Small Business Credit Survey. Which complaint […]
Our recent post, In Small Business Lending, Slow and Steady Loses the Race, explores the pressing “need for speed” small business borrowers increasingly seek - and find with alternative lenders. Speed matters so much to these borrowers, in fact, they're willing to accept alternative lenders' onerous borrowing costs to cross the finish line to capital […]
Small businesses are bouncing back. After a recession-generated dip, the number of new businesses opening is once again outpacing the number of businesses exiting the market, according to the latest data from the Small Business Administration. And yet, since 2007, demand for unsecured short-term loans and term loans has decreased at traditional lenders among small […]
Kids today: they just aren't starting businesses like they used to. At least, not yet. According to the Kauffman Foundation, millennials ages 20 to 34 made up only 23% of new entrepreneurs in 2013, compared to 35% in 1996. Today's young workers are graduating with greater student debt and are taking longer to build household […]