Nonbank lenders are in an enviable position to provide access to capital for borrowers cut off by banks. However, borrowers should understand that they also take on more risk. Nonbank lenders have a faster application process than traditional banks and can offer flexible terms and conditions. They also typically have a more closely aligned sales and credit team. For more information about the non bank lenders, check this out. They are a source of funding for small businesses. Nonbank lenders are financial institutions that do not have a full banking license and cannot accept deposits, but they provide alternative business finance options. These include insurance firms, venture capitalists, currency exchanges,…