Rohit Arora Related Content

Main Street Alliance and Biz2Credit Partner to Expand Small Business Financing

Main Street Alliance, a nonprofit organization that works with small businesses across the United States to create an equitable economy, is partnering with Biz2Credit to provide working capital and other commercial financing solutions to its business owner members. read more

Monthly Expenditures at Small Businesses Fell by 5% at Height of Inflationary Period in 2022

According to a new study from Biz2Credit, during the recent period of highest inflation, the average monthly expenditure of small businesses fell by 5% from $11,401 in Q1/22 to $10,884 in Q3/22. read more

Small Business Loan Approval Percentages Experience No Growth

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks fell from 14.6% in November to 14.5% in December and tied with January’s lowest monthly approval rate in 2022. read more

Banks Record Second Lowest Small Business Loan Approval Rate in 2022 in November

According to Biz2Credit’s Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.7% in October to 14.6% in November, marking the second lowest monthly percentage in 2022. read more

Biz2Credit Small Business Study Finds IT Companies Ahead in Most Measures

A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021. read more

Small Business Loan Approval Rates Drop in October

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.9% in September to 14.7% in October, marking the lowest total since February. read more

Biz2X Introduces New Ascend Platform Edition for Business Lending

Biz2X introduced the new Ascend edition of its platform last week at the Money 20/20 conference in Las Vegas. This edition of the Biz2X platform brings even more capability to Biz2X’s business lending platform and is now available to banks and lenders across the United States.  read more

September Small Business Loan Approval Rates Rise for Most Lenders Except Larger Banks

Small business loan approval percentages at small banks (less than $10 million in assets), institutional lenders, alternative lenders and credit unions increased in September compared with August, while approvals at big banks (more than $10 million in assets) declined, according to Biz2Credit. read more

Small Business Loan Approval Rates Dip at Big Banks in August, Improve for Smaller Banks

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) dipped from 15.3% in July to 15.1% in August but rose at small banks from 21.2% in July to 21.4% in August. read more

Small Business Loan Approval Rates Rise Once More in Ma

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the latest Biz2Credit Small Business Lending Index. read more

Biz2Credit Named a Best Place to Work in Financial Technology

Best Companies Group named Biz2Credit to its list of 2022’s Best Places to Work in Financial Technology. The 2022 list included the top 50 fintech companies in the country and was published by Arizent brands, the publisher of American Banker. read more

Small Business Lending Approval Rates Inched Upward in April

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

Small Business Loan Approval Rates from Most Lenders Rise in March

Small business loan approval rates at big banks (more than $10 million in assets) rose from 14.7% in February to 14.9% in March, and approval rates at small banks (under $10 billion in assets) increased from 20.5% in February to 20.6% in March, according to Biz2Credit. read more

Small Business Loan Approval Rates Continue to Rise in February

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to 20.5% in February, according to Biz2Credit. read more

Profits for Women-Owned Businesses Decreased by 26% in 2021

Biz2Credit’s annual women-owned business study found that profits for women-owned businesses dropped 26% in 2021 from 2020, while average annual revenues dipped 4%. Additionally, the study found that operating expenses increased, which was the primary reason profits fell in 2021. read more

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