A nonprofit community lender is taking a new approach to small-business lending in Chicago: It will no longer consider credit scores or collateral in deciding whether an applicant should get a loan.
Predicting the rate at which a used-model depreciates, or the collateral risk on an auto loan, can be a very difficult task. So how can lenders assess loss severity potential for their portfolios?
CHICAGO--(BUSINESS WIRE)--The Federal Home Loan Bank of Chicago (FHLBank Chicago) and VantageScore announced today that member financial institutions can now pledge mortgage collateral using ...
“You have one opportunity to make the first impression on a lender,” says Davidson, the director of the Small Business Development Center at Manhattan's Pace University. “Invariably people go to banks ...
A nonprofit community lender is taking a new approach to small business lending in Chicago: It will no longer consider credit scores or collateral in deciding whether an applicant should get a loan.
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