A recent survey produced by Pepperdine University suggests that banks are approving more loans to private businesses compared to the previous year. The study points to a roughly 10% increase in approvals of business loans to these types of companies.
Considering the increased pressure put on banks by regulators, one could assume that this increase can be attributed to a rise in demand from strong credit-worthy companies that make up the “back-bone” of this economy. With an estimated 99% of the companies in the U.S. being privately held businesses, their successes is a great indicator on the health of the economy. Seeing increased approvals within this huge sector of the U.S. economy, may be a sign of great things to come on the economic horizon.
While First Star Capital is not a bank, we have been doing our part as a national direct lender specific to equipment financing and leasing, to support small to medium sized businesses all over the United States. Prior to and throughout the “Great Recession” First Star Capital has provided financing to many privately held businesses.
If you have any questions about our programs or about First Star Capital please visit us at www.FirstStarCapital.com, and see how we can help you capture “Tomorrow’s Growth Today”.