The federal government announced last month that it will allow online lenders to apply for banking charters
There was once a time when getting financing for a business – particularly small businesses – was a challenge. Banks ruled the world and if a business owner had no financial history, assets or other collateral, he or she was typically out of luck. But times have changed. Less than 10 years on from the last recession, there has been a substantial increase in the availability of capital as well as financing options for small companies.
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