Skip to main content
Menu
Back to All Blog Posts

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/

 

 

 

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

6 min read

Small Business Customer Success Stories

At Lending Club, we love to support our small business customers and are proud to see them succeed. In…

Read More
4 min read

How to Get a Small Business Loan

Preparing Your Company to Apply for a Business Loan You’ve got plans to take your business to the next…

Read More
3 min read

How to Build Your Business Credit

Protecting and Building Your Business Credit Establishing a solid business credit history is essential when you’re applying for a…

Read More