Facts About Small Business Lending | Rosemont Capital Solutions | Duluth, Ga

Street Address Duluth, GA 30097
City Duluth
ZIP/Postal Code 30097
State GA
Country United States

Majority of small business owners do not qualify for bank loans. Small business lending is riskier than large business lending. Underwriting costs for a $100,000 and a $1,000,000 loan are about the same.Bank starts are not keeping with bank failures, same for small business.Big banks prefer low risk, low profit ventures. Since 1995 small business has created 2 out of 3 net new jobs. Small business loans down 20% since financial crisis of 2008
Bank competition for small business loans is falling. 74% of small business owners say that credit denial prevents them from expansion, filling orders or prevents them from hiring. More than 50% of small business seek loans less than $50,000. Non-bank lender take more risk on small business funding.

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