What is everyone's take on the imminent arrival of Goldman Sachs? They announced they'd start competing in the small biz lending space in 2016: http://www.nytimes.com/2015/06/16/business/dealbook/goldman-to-move-into-online-consumer-lending.html?_r=0
Announcement
Collapse
No announcement yet.
X
-
-
It sounds more like consumer lending than business lending based on the read. Similiar to lending clubs consumer lending platform. The market for consumer lending is much larger than small business lending. But maybe later on they cross over like lending club did to smb lending-
Notice they stated te consumer lending market is. $840billion market opportunity.
Comment
-
-
Originally posted by Loans View PostIt sounds more like consumer lending than business lending based on the read. Similiar to lending clubs consumer lending platform. The market for consumer lending is much larger than small business lending. But maybe later on they cross over like lending club did to smb lending-
Notice they stated te consumer lending market is. $840billion market opportunity.
Comment
-
I am more interested in some of the names that I didn't know much about on this funding list http://debanked.com/2015/06/the-offi...g-leaderboard/
yellow stone capital has done more than a billion dollars ??? and merchant cash & apital is bigger than rapidadvance. I just assumed that since rapid got bought by dan gilbert, they were bigger. Are there any other names that should've made this list that weren't on there? I see the disclaimer that some companies didn't want their numbers public. on deck capital appears to be ain a very crowded boat.
Comment
-
Originally posted by stktrader View PostI am more interested in some of the names that I didn't know much about on this funding list http://debanked.com/2015/06/the-offi...g-leaderboard/
yellow stone capital has done more than a billion dollars ??? and merchant cash & apital is bigger than rapidadvance. I just assumed that since rapid got bought by dan gilbert, they were bigger. Are there any other names that should've made this list that weren't on there? I see the disclaimer that some companies didn't want their numbers public. on deck capital appears to be ain a very crowded boat.
Comment
-
Broad view of the installment lending ecosystem in this white paper: http://wp.me/p60NAx-i . I'm hoping to pull one together on the SMB lending ecosystem by the Money2020 Conference later this year. It should be an interesting story about CAN, OnDeck, Lending Club, Funding Circle, traditional Banks, portals, etc.
Comment
Comment