Financing from credit unions and small, regional banks are on the rise, according to one firm.
Biz2Credit, a New York firm that connects business borrowers to financial institutions, arranged a record $50 million in loans and refinancing in September. That figure brings the total amount arranged between lenders and small businesses to more than $500 million since 2007.
Still, "despite reports to the contrary, there is no shortage of small companies looking for funding, yet it is by no means easy to secure capital," said Rohit Arora, CEO of Biz2Credit.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
