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    EQS-News  116  0 Kommentare As More Consumers And Investors Seek Alternative Financing, This Company’s Specialty Financing Could Provide Answers

    EQS-News: Mill City Ventures III, Ltd
    As More Consumers And Investors Seek Alternative Financing, This Company’s Specialty Financing Could Provide Answers

    02.11.2022 / 14:00 CET/CEST
    The issuer is solely responsible for the content of this announcement.


    A wind of change is blowing through the financial industry as more people drift toward nonbank institutions for their borrowing needs.

    In 1974, banks controlled the lending industry, holding 62% of the total loans. Almost five decades later, nonbanks issued 68% of all U.S. mortgages.

    A report by the Bank for International Settlements (BIS) indicated that syndicated lending to nonfinancial corporations increased substantially, from less than $300 billion in 1990 to around $4.75 trillion in 2019. Nonbank lending increased from $20 billion to $410 billion per year over the same period.

    Specialty Financing

    These nonbanks’ ability to meet the need for alternative or specialty financing may be what’s driving their increase in lending.

    Specialty finance firms make it easier for consumers and small to mid-size businesses to get loans they may find difficult to obtain from traditional banks.

    They have easily won the hearts of some customers who were yearning to bypass long bureaucratic processes in favor of more straightforward procedures like completing loan applications and payments digitally with no initial fees and low-interest rates.

    Thanks to this financing option, people who do not qualify for a traditional bank loan because of bad credit history are now turning to the alternative lending market for their capital needs.

    In this context, companies like Oxford Square Capital Corp. (NASDAQ: OXSQ), Mill City Ventures III Ltd. (NASDAQ: MCVT), Manhattan Bridge Capital Inc. (NASDAQ: LOAN), and U.S. Global Investors (NASDAQ: GROW) have flourished over recent years.

    Meeting Demand

    As borrowers continue seeking alternative financing sources, Mill City Ventures III Ltd, a short-term nonbank lending and specialty finance company could be answering this demand with its specialty financing solutions

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    EQS-News As More Consumers And Investors Seek Alternative Financing, This Company’s Specialty Financing Could Provide Answers EQS-News: Mill City Ventures III, Ltd As More Consumers And Investors Seek Alternative Financing, This Company’s Specialty Financing Could Provide Answers 02.11.2022 / 14:00 CET/CEST The issuer is solely responsible for the content of this …