3 Ways Technology Is Changing Small Business Lending
YoungUpstarts
APRIL 3, 2015
In 1994 Microsoft co-founder Bill Gates said, “retail banks are dinosaurs, they can be bypassed,” in a Newsweek interview. Bill Phelan, president of small business ratings company PayNet, estimates that alternative lending companies, which provide billions of dollars in loans annually, grew 100% in 2014. Filling a Need. How it Works.
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