Why Banks Tell Most Businesses (Especially Startups) No

Publish Date: 07-08-2019 02:26:12 | Contact name: James Allen | Location: Fort Washington,Maryland 20744 | 21 times displayed | Comments |

Hi James Here,

It’s no secret business funding can be difficult to acquire, but with the right resources, it can be easier than you think.

How difficult can it be to acquire funding?

“A short while ago, I was speaking with a veteran business banker from one of the top banks in the country. We discussed the percentage of business owners that actually receive funding from their local bank.

The banker sadly explained that, on a weekly basis, she can help about 3 of the 20 or so business owners that come to her for funding. At the end of the day, only 1 or 2 of those initial 20 actually receive funding.”

Doing the math, that’s about 5% to 10% of business owners, and that includes those with established businesses; the percentage only decreases for startups.

What is it about the lending criteria that makes funding so difficult?

Since the economy crash in 2008, banks tightened up their belts to be extremely conservative in lending. It’s incredibly difficult to get approved at a bank without showing profitability over the last 2 years by providing tax returns.

Despite these difficulties, Fundwise Capital has a strategy and a network of lenders that allows new and growing business owners access to unsecured lines of credit (at 0% for the first 9-15 months). They’ve helped secure over $200 million in funding for their clients. Click here to apply and see what you qualify for—it take just 30 seconds.

** "Click here to apply"

Warm regards,

James Allen

P.S. - See how Tara received $70k to start her beauty salon and paid off her financing before having to pay any interest!

Contact James Allen: Why Banks Tell Most Businesses (Especially Startups) No

Phone: 2404249464





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