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The CEO Magazine: The world’s leading CEOs are shunning banks – and this is why

Bryan Zhang, Executive Director at Cambridge Centre for Alternative Finance (CCAF), comments on peer-to-peer lending and traditional bank loans. “In many instances, the rates offered by peer-to-peer lenders are not that different to the rates banks are offering,” Bryan says. “Online lenders are useful for non-standard borrowers such as tech or renewable energy businesses or those in the knowledge-based economy such as advisory firms.”

Read the full article [theceomagazine.com]