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Article Summary: As online lending becomes more mainstream, many businesses are turning to small business loans online to meet many of their financing needs. Fueled by web-based tools that speed up the application process, a new paradigm for evaluating credit worthiness, and the ability to leverage technology to help them determine eligibility (often in under an hour), these lenders may.
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Increased Lending Capacity Having Zions Bank either co-originate or purchase the long-term commercial real estate loan leaves you more time to better accommodate your customers’ lines of credit and other short-term financing needs.
Technology is changing everything. From the way we make travel arrangements, shop at the department store, hail a cab-and even the way business owners apply for a small business loan.Similarly, many lenders are turning to online applications for small business loans.
Online payments processor Stripe announced the launch of its lending service Stripe Capital for the internet. funds hit a user’s Stripe account the next business day, and businesses can repay as.