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Lend Academy Article: New Report on the Impact of Online Lenders on Small Businesses
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Lend Academy Article: New Report on the Impact of Online Lenders on Small Businesses

Lend Academy Article: New Report on the Impact of Online Lenders on Small Businesses

Fintech Nexus Staff·
FintechNews RoundupUSA
·May. 31, 2018·1 min read

A new report by economic research firm NDP Analytics sponsored by the Electronic Transactions Association, the Innovative Lending Platform Association and the Small Business Finance Association shares data on how online lenders are helping small businesses thrive; Originations at the five leading online small business lenders have increased 50% in three years, from $2.6 billion in 2015 to $3.9 billion in 2017; the report shares other details on the small business borrowers and just how large the economic impact is for communities. Source

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