Financial Services
Loan stacking is the opening of multiple credit lines within a short period of time. It's a serious problem for lenders. This post explores solutions.
Gavin Harding shares perspectives from American Banker’s Marketplace Lending & Investing Conference which took place in New York City.
The small business credit share is a consortium of banks, credit card companies, leasing agencies and other companies that have agreed to provide financial and non-financial data in exchange for exclusive access to data from other contributors.
Imagine for a moment a young parent who has been laid off from their job. After months of looking for work they still have not found a job. To make ends meet they start doing landscape work for neighbors in the area, eventually jump-starting a landscaping business to provide for their family. With some hard work, they start to build up a clientele in the local neighborhood. While they are starting to get back on their feet slowly, they realize at the current rate, the business will not completely meet the needs of their young family. If they could borrow just $3,000 to buy some more mowers and trimmers, however, they could hire two friends and double the size of the business.
