Do We Need Banks Or The SBA When Online Micro-financiers Can Do Better?

If these numbers are true, we don’t need banks or high-priced bankers. And we don’t need federal government guarantees. Cut the guarantees and the SBA, and save money. We don’t need the spread that banks charge. By eliminating the intermediary banking institution, the depositor can get more, and the borrower can pay less for money.

from Forbes – Business
via Abogado Aly Business Consulting


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