traditional lenders

2 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Nov 6, 2016 by Sean Porat · across every show →

Everything said about traditional lenders, oldest first

Nov 6, 2016 neutral

Assertion Supported

Porat: Alternative loan commissions run 2-5% vs under 1% for traditional banks

“For the more traditional lenders, the commission is much lower. Usually it's a half a percent or less or one percent. For the alternative lenders, it's usually closer to two to five percent.”

Sean Porat Nov 6, 2016 ▶ 10:22 EP 470: How He Got 10,000 Interested In Product Before Launch with Scorely CEO Shawn Porat

Dec 26, 2020 neutral

Insight

Traditional lenders demand historical accounting while alternative lenders evaluate cash flow

“There are two main categories that lenders want right now. They're either traditional lenders, and what they want is accounting information, because the second a business says, I want money, they say, give me two years of financials, or they're an alternative …”

Keren Moynihan Dec 26, 2020 ▶ 3:51 BossInsights 2x YoY to 5 Customers Helping Lenders Capture Data

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traditional lenders

Everything said about traditional lenders, oldest first

Turn any episode into a week of clips.