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Report  | May 2018

The Economic Benefits of Online Lending to Small Businesses and the U.S. Economy

By Nam D. Pham, Ph.D., Alex J. Triantis, Ph.D., and Mary Donovan
Small businesses are vital for America. However, these businesses routinely lack access to necessary capital to maintain and expand operations. Online lending fills this critical gap for small businesses. Indeed, the innovation of online lending products serves to complement, rather than replace, traditional funding sources. Online lenders fund small and short-term loans to business owners very quickly, providing an important financing option for small businesses.