If you haven’t noticed, we are in a recession. They are trying not to make it as dramatic as the housing crash, but we are here. Business still goes on in a recession and the interesting part now is that people were trained to spend money during the pandemic. Consumers changed. They order far more take out than before. They buy far more online than ever.

Businesses are still going and trying to fill the needs of their clients. Banks however are hesitant to lend knowing salaries are not increasing with the rate inflation. They see the possible down turn of small businesses. They are looking out for themselves because the last big recession shut down a lot of banks.

Interestingly enough people are still buying and businesses are still going. Small businesses need Money! They need money to buy inventory, pay employees and much more. What will they do when the banks won’t lend? Or worse…make the business owner wait 6 long weeks and then tell him NO! The average time of 6 weeks is a very long time to wait for what you need right now.

An SBA loan from a bank takes on average 6 weeks to go through. Ask your bank. They will tell you. You can guess why. Private money is different. There are less middle men. There is less regulation and red tape with private money. It’s simple and quick. In some cases you can be funded in 1-2 days depending on the type of loan.

Now you understand why Banks won’t lend and if you have ever seen the movie Too Big to Fail they explain why the great depression happened. Yes it started with a stock market crash but it continued so long because a disruption of credit. It is happening now. Paul Giamatti played Ben Bernanke. The famous little clip talked about this disruption in lending being the biggest problem for business owners and for regular people.

Don’t let a No at your bank stop your business. Email Bounteous today. Get the $$$$$ you need Now!

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