Financial Inclusion + Economic Empowerment
Using technology to simplify the small business loan application process.
8,000 entrepreneurs and businesses are declined for small business financing every day in the U.S. because most of them didn't apply to the right lender.
As noted by Karen Mills, distinguished senior fellow at Harvard University and former head of the U.S. Small Business Administration, a respected expert in entrepreneurship, economics and online lending innovation:
There is a disconnect between banks, who claim that there’s a lack of demand and that they can’t find enough qualified borrowers, and creditworthy business owners, who describe going from bank to bank unable to get a business loan.
Profiting from this disconnect, a large and growing number of predatory online lenders are emerging with deceptive tactics, predatory practices, misleading fees & hidden costs.
SourceFunding.org is a university and foundation-backed online platform matching entrepreneurs and small businesses with the complete national network of over 14,000 trusted, transparent and low-cost community banks, credit unions and community development financial institutions in the U.S.