7 Reasons Alternative Lending to Small Businesses Has Exploded

Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith is Editor-in-Chief at Fundera. Specializing in financial advice for small business owners, Meredith is a current and past contributor to Yahoo!, Amex OPEN Forum, Fox Business, SCORE, AllBusiness and more.
Meredith Wood

When a small business can’t get a loan from a bank, they’ve increasingly been turning to alternative lenders. These lenders — OnDeck, CAN Capital, LendingClub, LenCred, Rapid Advance and many others — are willing to take on more risk, provide capital faster, and require less documentation than the big banks.

But why exactly has alternative lending exploded so much in the past few years?

Check out the infographic below on the seven big reasons alternative lending has become so popular for small businesses.

Fundera Infographic

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
Meredith Wood

Meredith Wood

Editor-in-Chief at Fundera
Meredith is Editor-in-Chief at Fundera. Specializing in financial advice for small business owners, Meredith is a current and past contributor to Yahoo!, Amex OPEN Forum, Fox Business, SCORE, AllBusiness and more.
Meredith Wood

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