An article in the Augusta Journal highlights the growth of small business lending in Georgia, which shows us a microcosm of the United States as a whole. Lending in that state is at an all time high and “the lending environment is much better than it was 10 years ago.” A major reason for this vast improvement is that companies have access to funding from sources other than traditional banks. This mirrors what we see across other states as well.
Another interesting point of the article is that it highlights many businesses still face a tough environment when applying for financing. In particular smaller firms still struggle with access to credit and “women still have more of a disadvantage when it comes to securing business loans”.
About Payplant
Payplant provides growth financing for entrepreneurs, by entrepreneurs. Its Pay Me NowTM digital invoice-financing service provides cash to businesses when their customers pay too slowly. Payplant helps businesses with PO and Invoice Financing, Asset Based Lending, Term Loans and Customer Financing products. Payplant works with companies that don’t currently qualify for traditional bank financing, have grown too quickly for their current lender or are at the point in their evolution where an influx of working capital can elevate their business to achieve rapid growth. Payplant delivers fast and reliable funding, at very attractive rates and is completely on demand. For more information, visit www.payplant.com.
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