The nascent industry s early success will mean very little if these new companies don t take necessary steps to position themselves for the long term.
Source: Now Begins Marketplace Lending’s Maturity Chapter | Bank Think
Wait, we have been hearing “loans are easy, there are lots of lenders doing loans with no doc- stated income, even lines of personal credit” ,
Thats not the case, the article is stating that there may be common sense lending coming back. Loans must make sense , even hard money loans with our little company.