On Monday, the New York Times published a blistering report about the lending practices of some of the
leading alternative finance companies, including Inc. 5000 companies Lending Club and OnDeck, and cited a Moody's report that compared the industry to the mortgage industry and its risky lending practices in the lead up to the 2008 financial crisis.
Over the past few years, Goldman has invested hundreds of millions of dollars in an assortment of payments and
alternative finance companies including Square, Bluefin Payments, Billtrust, Revolution Money, as well as newly public OnDeckCapital, an Inc. 5000 company.
And four days is likely not enough time for those who are not familiar with the financial industry, given all the options available from major banks,
alternative financing companies, payday loans and others.
Working with
an alternative finance company for a more targeted approach allows you to find the sweet spot for both parties between funding amount and length of payback.
While both help businesses find funding, lending marketplaces use technology to quickly present small businesses with multiple funding options from a variety of funding partners that can satisfy each particular situation, said Stephen Sheinbaum, founder of Bizfi,
an alternative finance company.
Ideal Companies: Commercial Banks, Regional Banks, Financial Service Company Vendors, Alternative Financing Companies