How to Use Post-pandemic Crisis to Your Advantage:
Action Guide for Alternative Lenders.
What is this paper about?
At times of crisis, like the ones we are coming through now, businesses (both enterprises and SMEs) urgently need financial backup. Hence, they need more working capital than usual. As a result, the most vulnerable industries are the most demanding ones. Nick Varnitski and Eugene Protasenia, Founders at Armada Labs, exclusively share actionable tips on how alternative lenders can effectively handle the post-pandemic economic crisis with “lending 3.0” digital solutions.
Key points:
- SMEs benefited from the PPP program the most as over 87% of the provided loans were less than $150,000 each.
- Four in ten workers in the US don’t receive sick-leave benefits and can’t cover even a $400 emergency expense as a result.
- An MVP covers up to 80% of use cases to deliver to the business needs much faster.