Abrigo’s Post

The Feds Small Business Lending Survey reveals a post-pandemic shift in business loan approvals. Whether this is a temporary dip or an early warning sign, savvy owners are expanding their funding playbook. What financial options are you exploring? #SmallBusinessFinance #BusinessFunding #SBALoans

Small business loans often face challenges in the traditional banking system, where high costs and inefficiencies can impede access to funding. Worth Avenue Capital highlights these issues and presents an alternative approach. We offer private lending options that provide more straightforward and efficient financial support for small businesses, bypassing typical banking hurdles. This method facilitates quicker loan processing, helping small businesses secure the necessary funds without the usual complexities. For more information read here: https://lnkd.in/eV4AvpGD . . . #SmallBusinessLoans #SmallBusiness #PrivateLending #WorthAvenueCapital

Securing a business loan? Start here: Step 1: Choose your loan type—traditional bank, online lending, or peer-to-peer. Step 2: Know what lenders look for—strong business plan, credit history, and cash flow. Step 3: Prepare—gather financial documents, detail your business's purpose, and ensure data security. Stay ahead with smart choices! #BusinessLoans #Finance #Entrepreneurship Discover loan options at https://lnkd.in/eNdw9T4E

To excel in small business lending, it's crucial for institutions to sharpen their focus, embrace cutting-edge technology and build strong relationships with borrowers. By implementing these approaches, FIs can become the go-to partners for small businesses, unlocking new opportunities and fueling growth. Learn more tips in our latest blog: <<<<https://lnkd.in/eZrsbgdT>>>>

Many business owners think that banks will lend based on forecasted revenue and future income alone. While this is partially true for commercial lending, there’s a catch—banks still need security. 𝗛𝗲𝗿𝗲’𝘀 𝘄𝗵𝘆: Forecasted income doesn’t offer the certainty that banks look for when approving long-term business loans. Without collateral like property or other assets, the loan is classified as unsecured lending, which is much riskier. If you’re considering borrowing for a business acquisition or expansion, make sure you’ve got the right assets in place to secure the loan. Let’s chat about how you can navigate the commercial lending process. Link in the first comment. 👇👇👇 #CommercialLoans #BusinessLending #FinanceTipsAU #BorrowingForBusiness #UnsecuredLoans #lagosfinancial —----------- Pinnable Comment (CTA): Ready to discuss your business borrowing options? Book a chat with us here: https://lnkd.in/g7fN_VyG

𝗦𝗵𝗮𝘁𝘁𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗠𝘆𝘁𝗵𝘀 𝗔𝗯𝗼𝘂𝘁 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗟𝗼𝗮𝗻𝘀 Hello Chasers! Are you a small business owner feeling overwhelmed by financing? In our latest episode, we break down the myths around business loans and explore alternative lending options, faster applications, and strategic ways to use loans for growth. 🔑 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂’𝗹𝗹 𝗟𝗲𝗮𝗿𝗻: Why banks aren’t your only option How loans can fuel business growth Quick, streamlined application processes 👉 𝗧𝘂𝗻𝗲 𝗶𝗻 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲! https://lnkd.in/gN9T_Y9j #SmallBusinessTips #BusinessLoans #TheChasersChannel #BusinessGrowth #ChasingTheDream

Is your Australian business facing financial hurdles? You're not alone! Learn how business loans can help. https://loom.ly/k5Bqec8 Australian businesses face a tough landscape - rising costs, competition, skills gaps, and more! This educational video explores these challenges and how business loans can be a powerful tool for growth. #AustralianBusiness #FinancialChallenges #BusinessLoans #GrowYourBusiness #SupportLocal

At Autochek Financial Services, we strive to provide transparent and accessible financial services. It's essential to understand potential reasons why your loan application may be denied: 1. Age Restrictions: Applicants outside the age range of 21 to 60 may face challenges, as our policies prioritize financial stability and maturity. 2. Credit History: A poor credit history or previous financial missteps, such as defaulting on loans, can impact approval. Maintaining a healthy credit profile is crucial for successful applications. 3. Debt-to-income ratio: Meeting the minimum income requirement is vital. If your monthly income falls below the specified threshold, approval may be difficult. 4. Business Registration: For business loans, not having a registered business can lead to application denial. Ensuring your business is legally registered is essential.

According to a recent study by the Federal Reserve Bank of Kansas City, new small business lending decreased by 6.7 percent compared to the same period in 2023 and 6.3 percent compared to the previous quarter. Unlike mainstream banks, our team at Cypress takes a unique approach. We invest time to understand your business’s unique financial story and growth plans. This way, we can be the financial partner you need to purchase new equipment, secure new locations, or grow your team. Our team of experienced banking professionals is here to help you achieve your business goals, even if other financial institutions aren’t funding loans like they used to.

Small businesses are the backbone of our economies. By embedding Lendio’s small business loan marketplace into your platform, we can fuel the ambitions of small businesses across the US. Schedule a demo today: https://lnkd.in/g49yyXPG Source: 2024 Federal Reserve Small Business Credit Survey (SBCS) #EmbeddedLending #Lendio #Embedded #SmallBusiness