What is a primary driver compelling businesses toward alternative lenders over traditional banks?
Answer
Conventional providers' processes move too slowly for modern business demands
Alternative lenders fill gaps where conventional providers are too slow or have tightened their lending criteria, suggesting speed is a major advantage.
Related Questions
What constitutes alternative credit, according to the text?What is a primary driver compelling businesses toward alternative lenders over traditional banks?What specific types of borrowers does the alternative lending industry commonly serve?What signifies that alternative lending is moving beyond a purely opportunistic phase?What transactional example demonstrates the maturity and integration of alternative lenders with established finance?What dual skillset is essential for a professional to achieve success within alternative lending?How does the underwriting calibration differ for an analyst moving to an alternative debt fund specializing in construction finance?What is the inherent trade-off for a professional moving directly from alternative lending back to a mainstream commercial bank?What specific inquiry should a prospective hire make to gauge the maturity of an alternative lending firm?What is predicted to be a likely consequence of the alternative lending market continuing to mature?