Are Non-Bank SMB Lenders Repeating the Mistakes of the Mortgage Crisis?

Non-bank lenders like OnDeck, CAN Capital and Kabbage have originated billions in small business loans, but some fear they might be repeating the mistakes made by banks with subprime mortgages; recent overdue payments on securitizations are raising questions about predatory lending and marketing tactics; the small business market is significantly smaller than the mortgage market, and so the risk of another global financial crisis is small.  Source

 

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments