Approximately forty percent of small business owners turned to online loan providers in 2017. There is growing parity between lending models in the small business sector.
Banks and credit unions that want to maximize their opportunities in the industry can use online lending to build on their existing relationship banking models to gain an edge.
Online lending is proving to be invaluable for small businesses. Online lenders provided ten billion dollars of loans to small business borrowers from 2015 through 2017, contributing to twenty-three billion in corresponding sales revenue.
GDS Link can empower your bank to contribute to the online small business lending trend. Contact us today to learn how.