Blog

Effective Communication with Borrowers

Have you ever tried waving at a blind person? This is NOT the best way to get their attention. As the business of lending evolves how are you communicating to your borrowers and potential borrowers becomes increasingly important. If you aren’t ahead … Read More

Grow your Lending Business

6 Brilliant Ideas to Grow Your Lending Biz

  1. Know your Market If the loans are within a 50-mile radius of your office or a branch, it provides better insights into local dynamics. Integration with the market is key. By investing in verticals that you know and … Read More

Stop Taking Money From Strangers…

As we grow our customer base here at LoanCirrus, we find it necessary to gain deeper insights into whom we are serving. It’s tempting to use the most natural generalization of our customers: ‘we serve lenders’. Many of you who … Read More

Ditch the Branch – Grow Faster!

A hundred years ago banks had to figure out how to get close to people because people were largely sedentary. If you wanted to lend money to people you would better go where they lived, it would have been difficult for … Read More

How To Collect (more of) Your Money

How do you collect more of the money you lend? Everybody who borrows from you intends to pay you back. Some simply don’t.  The idea is not to eliminate delinquent borrowers. It’s impossible so any attempt is futile. The idea … Read More

5 Epic Mistakes New Lenders Make…

The lending business has an allure to it that I sometimes find perverse. Many seem to view lending – especially microlending – as a fast, often lightly regulated way to get high returns. True, lending can be quite profitable but … Read More

OK, Back To The Basics.

The Basics   Now is not really a great time for FUNDAMENTALS.  Things like ‘facts and substance’ are often viewed as getting in the way of vision, creativity and growth. But guess what? Knowing what you are doing is still … Read More

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