Traditional SBA loan process is becoming more complicated due to regulatory changes, affecting entrepreneurs relying on revenue-based financing or merchant cash advances.
Alternative lending, powered by fintech, offers quicker access to capital, simplified processes, and transparency compared to traditional bank or SBA options.
Fintech marketplace 1West, led by CEO Kunal Bhasin, syndicates loan applications across multiple lenders, providing speed and flexibility in funding within 24 hours.
Amidst banks approving fewer small business loans, alternative lending is redefining capital flow with sophisticated algorithms, clear pricing, rapid responses, and a focus on transparency.