Business Backer CEO Advises Alt-fi Industry Should Address Critics Directly

Via Bankless Times –

The CEO of a customer-focused business financing company believes it is best for the alternative lending industry to take a proactive approach to address recent criticism.

Jim Salters is the CEO of The Business Backer, a provider of customized funding solutions for small and medium businesses. He said recent criticism from legislators such as Chicago Mayor Rahm Emmanuel has made it imperative for responsible industry players to come together and develop standards to show both legislators and the marketplace that there are many responsible operators in the space.