Bank Financing? Pffft!! Alternative Lending Approval Rate is the Highest

Factoring bank financing approval rateHere is a run-down of August 2013 approval rates for small business financing:

  • 17.60% Big Banks
  • 45.30% Small Banks
  • 50.70% Credit Unions
  • 63.10% Alternative Lenders
    * biz2credit.com

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