Small businesses turn to online lenders by PBS NewsHour audiobook

Small businesses turn to online lenders

By PBS NewsHour
Read by PBS NewsHour

Findaway World, LLC
0.13 Hours Unabridged
Format : Digital Download (In Stock)
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    ISBN: 9781987108040

Since the financial crisis, small business lending by banks has declined substantially according to federal data. The value of loans of less than $100 thousand dollars is down by more than 18% since 2008. But while banks have pulled back, new types of sparsely regulated nonbank lenders have stepped in as alternatives, hoping to disrupt traditional small business lending.

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Summary

Summary

Since the financial crisis, small business lending by banks has declined substantially according to federal data. The value of loans of less than $100 thousand dollars is down by more than 18% since 2008. But while banks have pulled back, new types of sparsely regulated nonbank lenders have stepped in as alternatives, hoping to disrupt traditional small business lending.

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Author Bio: PBS NewsHour

Author Bio: PBS NewsHour

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Details

Details

Available Formats : Digital Download
Category: Nonfiction/Drama/Performing Arts
Runtime: 0.13
Audience: Adult
Language: English