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The commercial loan market for small and mid-sized companies - comprising business loans, commercial real estate loans and equipment leases - is very large, by any measure.
- $1.4 trillion in annual deal volume.
| |
Business loans |
$846 billion |
| Commercial real estate loans |
$240 billion |
| Equipment leasing |
$300 billion |
- $14 billion in annual fees
- Approximately 500,000 transactions per year for companies with 10 or more employees.
On average, a privately held business is in the market for a loan 4 times per
year!
Your customers ARE on the Internet.
- In 2002, Internet traffic surpassed voice traffic over phone lines for the first time.
- 77% of businesses with 20 or more employees have an Internet site.
- Between 1999 and 2002, the percentage of small businesses with active websites grew 533%.
Financial institutions have proven the efficiencies of using the Internet.
| Internet Banking Efficiencies |
| Process |
Cost |
| Teller Window |
$1.25 |
| Phone Call |
$0.54 |
| ATM |
$0.24 |
| Internet |
$0.02 |
| Source: Microsoft Corporation |
| Fannie Mae Internet Mortgage Efficiencies - Money & Time Savings |
| Origination Cost |
Funding Time |
$2000
 |
$1200
 |
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60 days
|
15 days
|
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| Paper-Based |
Internet |
Paper-Based |
Internet |
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