Small business borrowing is increasing in New Jersey, according to the President and leader of Valley National Bank’s community lending team. In an article by Business News Daily, the President, Daniel Sorrell stated that the number of qualified small business owners applying for financing has increased significantly in the several years or so. As a result, the lender has loosened its credit approval criteria. This is great news for small businesses in New Jersey in need of working capital.
Your Small Business in New Jersey May Qualify for Working Capital
If you have a decent personal credit history and/or your business is showing signs of growth, getting working capital in New Jersey may be easier than you think. More and more small businesses are applying for financing in New Jersey and because these businesses are qualified, lenders are being more lenient with their approval criteria. This means lenders are once again becoming comfortable with lending to small businesses in New Jersey. This doesn’t happen often, so now may be the time for you to apply for working capital to take your business to the next level.
LenCred is a Financing Company Based in New Jersey – We Can Help You Get Working Capital
LenCred is a New Jersey based small business and the financing advisors and consultants here know a thing or two about getting working capital for New Jersey based small businesses. They can analyze your personal credit history and your unique business needs to determine what type of financing is right for you and which lenders you should apply to. If you want to have a leg up on getting approved for working capital for your small business in New Jersey, you’re in the right place. Contact the advisors here at LenCred today and you may have up to $250,000 in working capital in the next 30 days (or so) to grow your small business in New Jersey.