Navigating Online Loans
Verizon
Today, approximately 1 in 4 small businesses that receive a loan do so from an online lender. Online lenders have fundamentally disrupted the small business lending market, providing business owners with capital quicker, with easier and more intuitive application processes, and leveraging AI to underwrite business owners and reduce reliance on traditional metrics like credit scores. However, despite these benefits, the space is incredibly complex and difficult to understand and it is easy for small businesses looking to access financing online to get stuck with a financing product that harms versus helps their business. This course will provide a deep-dive on the landscape of online lenders, and provide key DOs and DON’Ts for small businesses exploring online lending options.
To review this course and additional resources, including complimentary coaching, mentoring, networking sessions, and grant opportunities, click on the link below to join Verizon Small Business Digital Ready.