Banks go Online for Business Loans
The Internet revolution is everywhere, and banks across the world are beginning to realize that a secure future may lie in offering loans to businesses via the Internet.
A mindset must be switched in the banking industry from that of the "customer" to "small business client."
With a rash of small businesses popping up daily in all corners of the planet, more and more financing is needed to operate effectively. And, because many businesses are technology-based, experts in the banking arena see a natural link between dot.com companies and loans secured through the Internet.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.