Lending Club Blog

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

How can more small businesses get access to capital?

That’s the challenge that Lending Club and other leaders in market lending and microfinance who joined U.S. Senator Cory Booker (D-NJ) discussed at last week’s roundtable series at Rutgers University’s business school. Leaders of ten companies innovating small business financing, including Jeff Bogan, (SVP, Head of the Institutional Group), joined Senator Booker at the New Models to Improve Access to Capital Summit to discuss how technology combined with new lending platforms can help solve the challenges small businesses face when traditional banks can’t or won’t lend to them.

Panelists discussed how new lending platforms are transforming the small business credit landscape by improving the speed and efficiency of getting a loan, creating options with lower costs, and providing more transparency around loan terms and interest rates. They also shared guidance on what small business owners should consider when taking a loan, including what lenders are evaluating when they lend to small businesses, and how small businesses should evaluate interest rates and terms to find the most competitive option that best fits their business needs.

Watch the opening remarks from U.S. Small Business Administrator Maria Contreras-Sweet and the full panel discussion hosted by Senator Booker here: http://www.booker.senate.gov/access/

 

 

 

Friday, June 20th, 2014 at 10:37 am

Comments (0)

  • Archives z

Recent Posts

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Finding the right company culture for you

How important is company culture to you? At Lending… Read More »
September 30, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

5 Things Everyone Should Do Before a First Interview

After spending hours drafting your… Read More »
June 24, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014