When it comes to Artificial Intelligence, there is much speculative investing going on, which we don’t recommend. That doesn’t mean we don’t invest in AI opportunities that benefit investors today. One of those opportunities is the Alternative Lending market which applies artificial intelligence and cloud-based computing to serve borrowers better. This method of borrowing is becoming mainstream quickly and is benefiting all those involved.

In the past, small business owners had only one option when applying for a business loan – their local bank or credit union. Traditional bank lending typically relies on deposits from customers in the form of savings. They have more stringent loan approval processes that comprehensively evaluate a borrower’s credit history, financial statements, collateral, and other factors.

Instead, alternative lending often involves non-bank financial institutions, individual investors, or peer-to-peer lending platforms that connect borrowers directly with lenders. Alternative lending platforms employ advanced technology and data analytics, enabling them to assess loan applications more quickly than traditional lenders. This can result in faster approval times, allowing borrowers to access funds in a shorter period. Alternative lending can be a viable solution for individuals or businesses needing immediate financing for time-sensitive opportunities or emergencies.