NAR Letter to U.S. House Small Business Committee Regarding their Capital Formation Hearing.
Issue Date: May 11, 2015
On May 11, 2015 Nar sent a letter to the House Small Business Committee for the Committee's May 13th hearing on Small Business Lending. The hearing covers both peer-to-peer lending and crowdfunding. The letter highlights the nearly $1 trillion in commercial loans about to come due, and the tightness that still remains in commercial real estate financing. The letter mentions that alternative sources to financing such as crowdfunding or P2P may be able to alleviate some of that tension, with the appropriate consumer protections, transparency, and accountability built in.