Small Businesses Turning Far More Often to Online Lenders

In a short span of two years, the rate of small-business owners applying to an online lender has increased from 19% in 2016 to 32% in 2018. There are many reasons why small-business owners would choose online lenders over traditional banks, such as online lending platforms provide convenience and saves time for borrowers.

Learn more about the advantages of online lenders over traditional banks here.