The Innovative Lending Platform Association (ILPA) has released SMART Box for small business lending disclosure and transparency; Lend Academy provides more details and insight from Kathryn Petralia of Kabbage in their article; the SMART Box is intended to provide standardized pricing, cost of capital and verbiage that borrowers can use for credit analysis and comparison. Source
Yesterday, the Innovative Lending Platform Association (ILPA), made up of small business online lending leaders OnDeck, Kabbage and CAN Capital,...