De Novo Banks: Only Apply If You Intend to Matter
Jeff For Banks
APRIL 25, 2015
Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. If a de novo starts with $15 million of capital, its largest possible lending relationship is $2.2 OnDeck Capital, not a bank, will lend to businesses with one year of operating history and only $100,000 of annual revenues.
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