Tony Zerucha·Alt-Finance·October 30, 2016·1 min read·1 viewILPA unveils transparency tool ShareTweetShareSubmit Three of America’s largest online small business lending platforms have joined with the Association of Enterprise Opportunity to produce a tool which will help small business loan seekers better compare financing options. Collectively known as the Innovative Lending Platform Association (ILPA), Kabbage, OnDeck and CAN Capital initiated the SMART Box, which was developed to provide common wording and standardized pricing disclosure. It includes a table of pricing comparison tools and explanation, including the total cost of capital and annualized percentage rate.See alsoMay 11, 2015IMF says German economy could grow more than 1.6 percent this year SMART Box debuted after months of discussions with platforms, policymakers, advocates, small business owners and not-for-profit organizations. Like this article? Take a second to support us on Patreon!