Online Lenders Ask Congress For Capital For Help and To Help

| By:

financial innovation now letter to congressMembers of Financial Innovation Now (FIN) have called on senior members of Congress to play a role in supporting small businesses with capital support and by loan distribution. Among their suggestions are:

  • To direct Treasury to provide conditional capital to alternative lenders
  • Permit these non-bank lenders to disburse loans, including via partnership with financial institutions
  • Allocate a portion of funds for distribution via these lenders

FIN’s members include Amazon, Apple, Google, Intuit, PayPal, Square, and Stripe.

The organization also said:

An emergency Treasury facility will get funding to small businesses in a timely manner. FIN welcomes Congressional efforts to dramatically streamline Small Business Administration loans and include alternative lenders in this process as well.

Full letter to Congress here

Last modified: March 20, 2020

Category: Online Lending

Home Online Lending › Online Lenders Ask Congress For Capital For Help and To Help

    Vox Funding

    Bitty Advance


    Forward Financing

    IAC - In Advance Capital

    Spartan Capital

    Green Note Capital

    AMA Recovery

    The Smarter Merchant

    Flash Advance

    Total Merchant Resources


    Pearl Capital

    Amerifi Capital


    Velocity Capital Group



    Symplifi Capital

    Fresh Funding

    National Funding

    CFG Merchant Solutions

    Fenix Capital Funding

    Highland Hill Capital

    ROK Financial

    Dedicated Financial GBC

    Unique Funding Solutions