Are you struggling to secure a loan from a small bank? If yes, then it is time to reach out to a big bank. According to the latest Biz2Credit Small Business Lending Index™, small business loan approval rates at big banks ($10 billion+assests) reached a new record high in January 2020. The loan approval percentage […]
Big Bank Lending to Small Business Hits Record High Read More »
Hispanic-owned businesses are on a roll. Since 2011, the five-year average growth rate in the number of Hispanic-owned businesses has been double or triple the national average for all businesses, according to the Stanford Latino Entrepreneurship Initiative. All told, Hispanic-owned businesses contribute $700 billion annually to the U.S. economy, according to the U.S. Hispanic Chamber
The March 2018 figures for small business loan approval rates at big banks has increased yet again according to the Biz2Credit Small Business Lending Index. Biz2Credit Lending Index March 2018 Big banks, which Biz2Credit identifies as those with $10 billion + in assets, have delivered a 25.5 percent approval rate for the month. This is
Small Business Loan Approvals at Big Banks Increase Again, Says Biz2Credit Read More »
Loan approval rates at big banks and institutional lenders reached new highs in December 2017, the Biz2Credit Small Business Lending Index reports. This increase also extended for the yearly comparison for both segments, delivering higher approval rates. Biz2Credit Lending Index December 2017 For the month of December, Biz2Credit reported small business loan approval rates for big
Small Business Lending at Big Banks and Institutional Lenders Up Again, Biz2Credit Says Read More »
Tips for Getting a Business Loan Fortunately, there are 8 secrets to boost your credit attractiveness and improve your chances of getting a business loan on favorable terms. Here are two: Secret #1: Yes, You CAN Improve Your Personal Credit Score One barrier to getting a better business loan may be a low personal credit
Want to Learn 8 Secrets for Getting a Business Loan? Here are 2 Read More »
Latino owned businesses are rising on the tide of the improved national economy with improved revenues. However, they need to leverage business credit better to keep their credit scores from dipping. 2017 Biz2Credit Latino Small Business Credit Study Last year’s falling Latino credit scores (down from 595 to 592) were in contrast to the higher
Latino Owned Small Businesses See Revenues Up 26 Percent But Credit Scores Falling Read More »
Small business lenders have unprecedented opportunities ahead of them, according to Rohit Arora, the CEO of Biz2Credit. The only thing is, not all lenders are positioned to seize these opportunities. The ones that are, says Arora, are the lenders that understand two things. “They understand the changing expectations of today’s borrowers. They also understand how
Fintech Opens Opportunities for Small Business Lenders Read More »
