FinTechs: Where Are They Now?

FinTechs: Where Are They Now?

Lending to small businesses by FinTechs has been a hot topic. Investors have been investing significant dollars into companies like Lending Club and Prosper. Articles in the past have been predicting the end of traditional banking and lending as we know it. Borrowing money from your phone for business purposes will be the norm. Were these predictions of the end of small business lending by banks accurate?  It was always a little […]

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Life Lessons: How They Apply to Lending

At the end of last year, I cleaned out some old files and found a list of life lessons from years ago.  As I reread the list, I kept thinking how applicable the lessons are to successful lending.  Many are reminiscent to characteristics that we see from our progressive and successful clients.  As you start out 2019, see if any of these life lessons can help you be […]

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Policy, Process and Technology – How to Make Money Lending to Small Businesses

Policy, Process and Technology – How to Make Money Lending to Small Businesses

It’s easy to pay the cost for the traditional origination process of middle market credits.  There’s plenty of margin.  But what happens when the size of the business credit is smaller—say $250,000 or less?  How do you generate enough money to pay for originating small business loans?  To play the small business lending game, banks must start to look at doing things differently. You can’t make […]

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