Private capital and other nonbank sources of debt financing are offering companies borrowing options beyond the traditional bank loan.
Nonbank lenders and other sources of private capital will often provide financing to small and midsize companies when banks won’t.
Neil Wessan, group head of CIT Capital Markets, explains how the financing giant is staying disciplined in its underwriting.
Online lenders with access to reams of e-commerce data are using it to provide working capital to some small and midsize borrowers.
Exclusions and fees can sour a financing.
