TLDR Tech / Fintech
SoFi enters small-business loan market
SoFi is expanding beyond consumer lending by launching small business loans, giving existing members access to financing from $2,500 to $250,000 with no application, origination, or prepayment fees. The move builds on SoFi's strategy of becoming a broader financial platform, following recent launches in crypto trading and stablecoin infrastructure, while tapping into strong demand from small businesses facing ongoing challenges accessing affordable capital.
Read the full story