Alternative lending has become a far more appealing — and realistic — option for middle market businesses who may be looking to drive growth, expand their operations, or pursue an acquisition. The Covid-19 pandemic has heightened this trend, with banks hesitant to lend due to economic uncertainty and contraction.
Alternative lending companies are positioned to threaten incumbent banks. What can traditional banking institutions do now to update their lending practices? How can legacy processes be overhauled to meet this competitive threat?
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