When speed is of the essence, think peer-to-peer
A new form of lending has emerged in recent times to salve the frustrations of SMEs which need funds in a hurry, writes John Cradden
If you are an SME owner on good terms with your bank, then more power to you. SMEs that satisfy pillar banks’ rigorous and often inflexible loan criteria can credit themselves for being able to have all their necessary ducks in a row to get the funds they need whenever they need them.
Furthermore, given that the value of the overall SME loan book today is still only about €16 billion compared with a...
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