Customer count or profitability: which is more important for a lender?
Running a lending business, as is the case with running any other business, requires business owners to make some tough decisions. Most lenders, especially those new to the lending business, are typically faced with the high-consequence question: “What should I primarily focus on -growing my customer count or growing profitably?” The former is concerned with […]
Credit union vs Money lenders: A comparative overview
Your rent is due in a few days, or your business needs a quick cash injection to restock inventory. Maybe it’s a medical emergency, and you need funds immediately. Where do you turn? Traditional banks? Not always an option, especially when you don’t have the collateral, credit history, or time to go through the long […]
5 things you need to do before you launch your loan app
You see, building an app is one thing. Launching it successfully? That’s an entirely different ballgame. Steve’s mistake? He rushed to market without setting up the right foundation. Today, we’ll help you avoid that mistake. If you’re thinking of launching a loan app, here are five things you absolutely must do first.