Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending.
In this new article from Moody’s Analytics, we explore tactics banks can learn from ground-breaking alternative lenders and present four broad strategies to help them stay ahead of the curve. Read the full article here.
It’s not just consumers who are worried about identity theft. For the millions of business owners who rely on their personal credit to finance operations, damage to credit scores could have dire consequences.
The identity theft threat created by the Equifax hack and the growth of online lending have given software makers a platform to pitch products that rely on selfies, scans of driver’s licenses and other nontraditional ID methods.