NEW YORK, NY (August 23, 2017) — Traditional financial services providers have tightened their lending requirements, leaving many small business owners with few channels to uncover the capital they need.
The financial crisis of 2008 caused global shockwaves, wrecking businesses and wiping away thousands of dollars’ worth of individuals’ savings. World markets are still recovering to this day, and governments have enacted strong reforms to prevent a repeat occurrence. These new, stricter regulations have deeply changed the financial world. Along with shifts in consumer preferences, banks and lenders are now faced with a vastly different financing landscape.
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