The Elizabeth R. Griffin Research Foundation is aware of the importance of financial institutions on communities and businesses' wealth. The worldwide disruptions caused by the new SARS-CoV-2 Coronavirus have demonstrated the private financial sector's role in maintaining the balance in communities via supporting the most affected industries.
Lenders contributed to the overall financial development through affordable lending services, supporting the most impacted communities. The private financial sector offers a large spectrum of products, fulfilling individuals and local businesses' necessities. In comparison to banks, online lenders offer more flexibility for loan requirements, covering more people's financial needs and helping them go through hardships.
Lenders aim to help workers during emergencies by offering quick and safe short-term loans. Moreover, they contribute to the wealth and stability of communities by offering affordable housing products and guaranteed financial help for low-income families.
Enterprises, especially small and medium-sized ones, rely hardly on the private financial sector. Lenders use innovative lending practices to open access to investment capital for more companies. The local business can obtain funds for development, contributing to the general economic growth of states.
The responsible development of communities is a long-term process that requires intelligent programs and funds. Online lenders contribute to this process by offering innovative solutions and supporting workers and communities during financial hardships through our foundation. Find out more about E.R.G. Research Foundation here.