Todays loan marketplace has changed dramatically since the new administration and the federal reserve have put tremendous pressure on businesses and consumers with higher interest rates, higher FICO scores required, and shorter terms for loans.
With no end in sight for the Fed to continue to raise rates, it will more likely than not put the US in a long medium recession for 2023 & 2024.
What that does is stifle growth, creativity, expansion, and kills jobs.
WE looked at the shift closely on credit demands, last year 620 was good-now its 690 to 720 or higher. Big banks have backed off on lending, some private lenders have closed for any new business, and some have just closed.
Small & large companies are cutting back on just about everything to help control costs while profits shrink.
So, we know the conditions, that is why with our search program we run it little differently. Lendingcapital looks beyond just the FICO score, we want to talk to you-find out more of what you need and can afford.
So we lowered our rating system to 580-620 (last year that was good-and we still think it is) and above to adjust the shift of the current environment.
Our program consists of term loans to lines of credit and everything in between, our marketplace of specialized lenders across multiple industries gives our customers easier, faster access to capital. Without affecting your credit.
We provide loans to Subprime to A-rated Serving a wide range of borrowers
Give us a try-get your Business up running and moving forward