Studies by Charles Wendel of FIC
Advisors document that small business
loans under $100,000 are unprofitable and inefficient for FIs today. Further, Davis
Stewart of CE Solutions Group documents that the cost of producing consumer
loans for FIs make most unprofitable and inefficient to deliver. Over half of all business loan relationships
are under $100k, and the consumer loan market of loans under $35,000 is $1.4
trillion. FIs have a huge opportunity if
they could serve these segments profitably.
Digital lending business strategies, like MinuteLender®,
integrate digital technology, deposit relationships and loan processes make
these loan services very profitable and provide a superior customer experience
in minutes.
Contact us for a demo today, or see our demos at www.rcgiltner.com.
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