“The small-business community employs half of the private workforce and creates two out of every three net new jobs,” said SBA administrator Maria Contreras-Sweet at a packed luncheon crowd at City Club Los Angeles, part of the Town Hall Los Angeles speaker series. When talking about alternative lending channels and their place in the market she included, “I marvel at those companies, Kiva Zip, PayPal, Square, Lendio, Kabbage . They’re all important alternative financing channels.”
Of course it’s rewarding to see our company’s name mentioned among a list of the companies Contreras-Sweet identifies as some of the important players in the alternative lending space.
She’s not the only one talking about alternative lending this week either. Former SBA administrator Karen Mills, writing for the Harvard Business School, suggests, “Alternative players have the potential to fundamentally change the way in which small businesses access capital.” Read the entire Forbes article here.