Recently we wrote about the Top 25 global lending startups to watch out for. However, you may wonder what the alternative lending space looked like before the entrance of fast growing startups like Lending Club, Funding Circle or Proper. If you think that the alternative lending concept is new and nascent, you are wrong. We had an opportunity to chat with Dave Gilbert, CEO and Founder of National Funding, which is one of the oldest players in the alternative lending space. National Funding was found almost 17 years back and it is now one of the only profitable alternative lenders in the space. Dave founded National Funding right out of college. National Funding is an alternative lending company that focuses on small businesses. Dave also overcame the recession in US and brought National Funding to where it is today. Here’s the transcript of the interview with Dave:
LTP: Congratulations on the 172% hike that National Funding has seen in the past 3 years. However, what was it like 3 years ago? The industry is booming since 2007 with so many players in the alternative lending space. Was it different in the early 2000s than it is today?
Dave Gilbert: I think it is the innovation. I started the company in 1999 and we were focussed primarily on ...
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