Paynet survey has indicated that small business lending is on a decline. But this is not the case with all lenders. There are several agencies that have been successful in introducing small business borrowers to lenders. The percentage of small business owners matched by various lending agencies is on a rise and hike has been great in the month of June.
Banks, Credit Unions and other lenders are having money to give out to small business entrepreneurs. It is just the right connection between lenders and small business owners that matter. Loan matching platforms like Biz2Credit do an excellent job, as they match lenders with the right borrowers. The borrowers are not constrained anymore by local banks’ lending terms.
The very prospect of small business lending attracts lenders. When a suitable lender is matched for a company, it is possible for business owners to find working capital for the expansion of their business. The working capital is made available in the form of loans. Financial institutions have money to lend and they do it when a vital connection between business owners and lenders is established.
This article was submitted by Raj Tulshan, Director of Business Development of Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to firstname.lastname@example.org