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Financial Matters from the Eyes of the Law: What Are the Main 4 Issues Regarding Online Small Business Lending

Following the 2008 financial crisis, traditional financial lending outlets were less eager to grant loans to small businesses. Loans fell nationwide by around 18%, leaving America’s 28 million small businesses to explore other borrowing solutions. One of the funding avenues that stepped in to fill in to plug the lending gap was online lending. Peer-to-peer lending…

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