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US Small Business Loan Acquisition Goes Online: The Emergence of Internet-Based Small Business Loan BrokersPublished by: TowerGroup Published: Feb. 1, 2000 - 9 Pages Table of ContentsHighlights Introduction Background Internet-Based Small Business Loan Brokers Other Online Small Business Lenders Conclusion AbstractTraditionally high risk, low dollar value small business loans are costly for lenders to originate and cumbersome for borrowers to apply for. Coupled with the lack of thriving secondary markets that fuel other lending segments such as commercial and retail mortgage, small business lending has remained a niche business for most financial institutions. Recently, a new origination channel for small business lending-the Internet-based small business loan aggregator-has emerged, offering small businesses more convenience in borrowing options, and offering small business lenders a new channel for loan acquisition. Internet-based small business loan brokers promise to transform the traditionally cumbersome and time-consuming method of applying for a loan into a simple, fast, and effective process. This TowerGroup Research Note analyzes the potential for direct and broker-related small business online loan origination.Get Full Details About This Report >> |
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