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Delivery Apps Help to Change Restaurant Lending

Delivery Apps Help to Change Restaurant Lending

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FintechNews RoundupUSA
··1 min read

A November survey of restaurant owners by TD Bank found that 85 percent of respondents added delivery strategies which now account for more than 20 percent of sales; delivery apps like Uber Eats and DoorDash have changed the game for restaurants as more people find convenience with ordering and eating at home; with less bodies coming through the door lenders are having to deal with adjusting their risk models to account for the changes in the industry; online lenders have also seen a boost as banks have started to pull back with the changes as they now see these businesses as higher risks; “It’s changing the credit and risk profile for banks,” Biz2Credit CEO Rohit Arora said to American Banker. “Banks used to get the best-of-the-best clients. Now the situation has flipped.” American Banker

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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