Enova International’s Post

Recently, Lendio surveyed 1000+ small business owners to understand better the role financing plays in the success of their business, their experience with the current lending environment, and their expectations for the future. My colleagues in finance might find some of this information interesting. Link: https://hubs.li/Q02J0nPJ0

Given the highly competitive banking environment for small businesses, particularly in terms of deposits, loans, and transaction accounts, Forbes, a couple weeks ago, released its list of the top 5 banks in the U.S. for small businesses. Interestingly, as a small business owner myself, bank size doesn't seem to have been a determining factor for small business banking in their report, as many of the top contenders for small business banking are very large banks with a national presence. If the savings in fees charged for business accounts and loans are substantial small businesses will certainly take notice of any bank and not based on their size, large or small. Forbes Advisor

Small businesses are looking to improve their profitability and available cash to support growth in 2024. Loan application data shows 25% growth on average for small businesses over the past 18 months, supporting small businesses' optimism about the year ahead. Learn more in our new Small Business Cash Flow Trend Report from OnDeck & Ocrolus. https://lnkd.in/gDiq6Muk

Small businesses are the cornerstones of our communities. Abrigo Small Business Lending provides a modern banking experience and speeds up small business loan decisioning and closing processes — delivering the funds they need, faster. Learn more: https://lnkd.in/g-YUrTEV #smallbusinesslending #smallbusiness

Here's what to do when your business needs a quick loan: 💲Find fast lenders online who understand small businesses. 💲Have your financial docs sorted, like tax returns. 💲Know your credit score upfront to negotiate better terms. 💲Look into alternatives beyond banks for quick cash. 💲Compare interest rates, fees, and repayment schedules. 💲 Explain clearly why your business needs the money. 💲Stay in touch with lenders to address any questions. 💲Ensure your cash flow can handle loan repayments on time. Feel free to save & share your own! #WorkingCapital #BusinessLoan #MCA #CreditLine #SmallBusiness #SmallBusinessOwners #SmallBusinessTips #GetLoot

Small businesses often ask, "What is an expedited loan?"  Expedited lending effectively removes financial barriers for small businesses, offering them a rapid response to their immediate financial needs and enabling them to focus on growth and innovation.   Check out our full blog post, breaking down the ways expedited lending can simplify and enhance the funding process! 💰💨

Small businesses often ask, "What is an expedited loan?"  Expedited lending effectively removes financial barriers for small businesses, offering them a rapid response to their immediate financial needs and enabling them to focus on growth and innovation.   Check out our full blog post, breaking down the ways expedited lending can simplify and enhance the funding process! 💰💨

Small businesses often ask, "What is an expedited loan?"  Expedited lending effectively removes financial barriers for small businesses, offering them a rapid response to their immediate financial needs and enabling them to focus on growth and innovation.   Check out our full blog post, breaking down the ways expedited lending can simplify and enhance the funding process! 💰💨

Small businesses often ask, "What is an expedited loan?"  Expedited lending effectively removes financial barriers for small businesses, offering them a rapid response to their immediate financial needs and enabling them to focus on growth and innovation.   Check out our full blog post, breaking down the ways expedited lending can simplify and enhance the funding process! 💰💨

Business Finance Myths... 1. Loans are only for big businesses. Debunked: Businesses of all sizes have access to business finance, seeking the right lender and loan type is key to obtaining a facility. 2. Collateral is required. Debunked: There are numerous types of unsecured facilities available to businesses, no personal guarantees or putting up assets required. 3. Once declined, always declined. Debunked: No, previous rejection does not close the door permanently, having the right guidance and insights into improving eligibility opens the door to trying again. 📞 02070713357 📨 info@templewoodequity.co.uk #LoanMyths #Debunked #TemplewoodEquity