According to a recent survey by Dun & Bradstreet Credibility Corp. and Pepperdine Private Capital Access (PCA) Index, the likelihood of a small business getting a bank loan is roughly 50-50.
This has allowed alternative lenders to get a foot in the door, offering business owners quick business loans that don’t require flawless credit or months of red tape. Instead, many alternative lenders turn to other factors, such as transactions and revenue, to determine credibility of a business.
Quick business loans can help businesses purchase more inventory during high seasonal demands, cover the costs of unforeseen emergencies threatening sales, or with any other financial expenses that occur within the daily operations of their business.
Bizfi’s automated lending platform allows business owners to get actual offers from a variety of financing partners in a matter of minutes. Find out how your business can get a quick business loan today!