Banks Hunting Growth Loosen Terms on Business Loans

After several years of tightening credit requirements for business loans over the last couple of years more banks have been loosening standards as they look to grow their loan book. These are primarily larger loans to established companies. Banks aren’t necessarily diving back into the riskier categories of business loans that they gave up after the crisis. Instead, they are becoming more aggressive in making the types of loans they consider safe, these are loans typically backed by assets such as inventory. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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