In this podcast, GET mentors talk to Ty Kiisel of OnDeck in regards to the world that is changing of business funding.
The field of business funding changed a great deal during the last years that are few. Ty, what is the distinction between the way in which a business that is small gets that loan today in addition to method they did years back?
I do believe the biggest huge difference is where they can get money. Several years ago, very few years back, your local bank ended up being the partner for almost every small company. You could go into the bank, sit across the desk from one of the loan officers, and because of your relationship with that particular bank, you could walk out with a few thousand dollars on your signature, but that isn’t possible anymore if you needed a couple of thousand dollars. Read more →