Financial
institutions do not make money today on small business or consumer loan
relationships under $100,000. Consider
the analysis by Charles Wendel for the Small Business Banking conference
below. A small business loan is marginally
profitable at best. Yet over half of all
business loans are under $100k, and consumers hold $1.3 Trillion in credit
under $100k.
However,
digital lending technology allows these loan relationships to be highly profitable
and provides a superior customer experience. A comparison is shown below. All is done under
your brand for loans on your core and with your underwriting and compliance.
For
efficiency, profitability and a great experience for your customers, it is time
for you to look at MinuteLender.®
No comments:
Post a Comment