Small Banks' Speed Advantage Threatened by Online Lenders

Peters, Andy
May 2013
American Banker;5/16/2013, Vol. 178 Issue 76, p9
Trade Publication
The article discusses online lenders such as Kabbage and On Deck Capital that can process loan applications in one day or less. The article notes these online lenders have simple application forms, fewer restrictions on underwriting, a focus on small-business lending, and no bureaucracy. It also notes the views of bankers such as Trey Maust and Dave Seleski on topics including the use of tradition credit scores in decision making and the community bank's business model.


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