Skip to main content
Menu
Back to All Blog Posts

Lending Club CEO Renaud Laplanche on Small Business Credit

RL Testifies03

Lending Club CEO Renaud Laplanche told members of the U.S House of Representatives last week that small businesses are a driving force in the U.S. economy and an essential part of the American Dream, but currently lack sufficient access to capital on fair terms. Renaud testified before the Subcommittee on Economic Growth, Tax and Capital Access of the Committee on Small Business of the United States House of Representatives.

Renaud’s key points were that small businesses in the U.S. today have insufficient access to credit, with the situation getting worse rather than better, and that their credit performance as a group suggests they should be getting more credit than they’re currently able to.

Lending Club is working hard to develop a low-cost solution aimed at making credit more available and more affordable for small businesses.

You can read Renaud’s full testimony here.

You can view the introduction and remarks here:
http://www.youtube.com/watch?v=dTcAgtAi5R8

You can view the Q&A session here:
http://www.youtube.com/watch?v=DCoLNm7Ahqk

Personal Loan Rates

This is FREE and won't impact your credit score.

I want
Enter up to $40,000
for
My credit is:

To Read Next

3 min read

Five Signs Your Business Needs Capital

Knowing when your business needs working capital— and promptly taking action to secure it— can free you to seize…

Read More
2 min read

Are you paying too much for your auto loan?

How refinancing your auto loan with a better rate could lower your monthly car payment.   Buying a car…

Read More
< 1 min read

Lending Club Teams Up with United MileagePlus® to Offer Customers More

  When it comes to offering customers the most value, we believe that strong partnerships help us deliver more…

Read More