PBS NEWSHOUR WEEKEND

Program Details
Air Time: 
06/22/2014 - 5:30pm - 5:59pm
Program Title: 
NONE
Program Service: 
TV
Program URL: 
http://www.pbs.org/newshour
PSIP Description: 
New types of nonbank online lenders are using technology to make fast decisions about small loans.
Long Description: 
On Sunday, since the financial crisis, small business lending has declined substantially, even as more and more small businesses are started every year. But while banks have pulled back, new types of nonbank online lenders have stepped in as alternatives, using technology to make fast decisions about relatively small loans. While these new lenders are extending credit to businesses unable to get loans before, is it coming at too high of a price?