Welcome to Business Credit & Capital, a site that helps small businesses get the capital they need to boost their cash flow and continue business operations. A recent government report has shown that since the year 2008 banks are lending significantly less to small businesses. In 2008 banks advanced $711.5 billion to small businesses, but in 2011 only $606.9 billion was lent out. Between 2010 and 2011, banks lent out 6.9% less to small businesses during the fiscal year, while loans to large businesses grew at a rate of 5.8%. Frightening, isn’t it? Why is this happening?!
Why Are Small Businesses Struggling to Get Loans?
This same government report stated that this increasing trend is happening because of several reasons:
- Banks are afraid to lend out money to small businesses because they see them as a risk not worth taking.
- Fewer small businesses are applying for loans because of the increasing likelihood of being rejected.
- Small businesses and their owners are hurting so their credit-worthiness has dropped
The above just leads to a vicious cycle of lack of capital to inability to properly run businesses successfully to lowering of credit-worthiness.
How Business Capital and Credit Can Help
Furthermore, because banks are more likely to reject their loan applications, small businesses would rather not apply. A smaller amount of businesses applying means the chances of raising the number of them getting loans is doubtful.
Funding Options We Offer
This is what we at BCC are here for! We want to help small businesses get off their feet and soar atop the business ladder. Over 85% of our applicants get approved and funded within 5-7 business days. We want “Main Street” small businesses to succeed and we want to help. BCC offers its applicants the chance to receive:
- Merchant Cash Advance
- Business Cash Advance
- Credit Card Factoring & much more
Get your application filed and money for your business. Get the working capital you need ASAP!