Alternative lending swooped in to fulfill the needs of consumers and small business owners during the credit pinch after 2008, and every sign points to the industry scaling up. By 2020, some estimate that 1 in 5 small business loans will be made by an alternative lender. That share of the pie will be $52 billion, compared to $5 billion today.
Not too bad.
But what’s going to get us there? What developments will push fintech forward, so these tech-friendly companies can loan more money to more businesses and provide a viable alternative to traditional business financing?
