Banks go Online for Business Loans

Posted by accountingweb on Dec 6 1999 128 printer friendly

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.

Examples of online banks include e-bank.com and LoanWise.com.

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