Why Small Businesses Are Choosing Alternative Lenders Over Traditional Banks

Small Businesses Choose Alternative LendersFrom: cnbc.com

A recent article by CNBC revealed that while small business optimism is at a seven-year high, demand for small business loans is low. How can this be?

Today conditions are pretty darn good for most small business owners, compared how they were during the financial crisis. Plus, many small business owners are now looking to alternative lenders such as Prosper and Lending Club instead of traditional bank loans.

“Alternative lending is a big deal and it’s becoming an even bigger deal for the smallest businesses with revenues under $5 million.”

Read the full article at cnbc.com

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