Working Capital for Your Business

January 22, 2020by [email protected]2
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A fundamental change introduced by the online lending industry highlights the relationship between a borrower and a lender. No longer a large financial institution dictates the transaction’s terms and tempo. The small business owners have spoken their priorities; speed over rate, accessibility over term. Online lenders- on their own part of the small business community- are able to service a small business so well and effectively because both sides understand the magnitude of working capital to a business success. More so, as the industry grows, and more players are entering the arena the merchant is the one getting the upper hand during negotiation. The evidence to support this successful model can be seen both on the macro and micro level. Across the globe, small businesses data shows exponential growth. Unemployment is at its lowest level since WWII. Wages are up. Longevity of small businesses is higher. Empowered by data availability and granularity, small business owners across all industries enjoy process analysis tools that helps them improve their decision making process and run their business in a more efficient and effective way.

2 comments

  • http://dede58.com/

    April 12, 2020 at 3:13 am

    You could certainly see your expertise in the work you write.
    The sector hopes for even more passionate writers like you
    who are not afraid to say how they believe. Always follow your heart.

    Reply

    • [email protected]

      April 13, 2020 at 3:27 pm

      Thank you dede58. Unfortunately, passion on its own is hardly enough. We see many “online” lenders struggling to continue and support their clients. Lack of preparation and perhaps a bit of hubris on everyone’s part (myself included!) turned many businesses belly up with no one to financially support them. I hope to see a thoughtful reaction in the days after covid-19.

      Reply

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