Small Business Lending and Merchant Cash Advance Industry Confidence On The Rise
A fresh survey of industry captains revealed that their confidence is actually increasing.
Late last year, deBanked and Bryant Park Capital teamed up to produce the first ever comprehensive industry report on merchant cash advance and small business lending. More recently, eligible participants took a narrower survey to gauge their confidence in Q1 2016 and that was compared to results measured in Q4 2015.
The results were striking. Despite the apparent end of a euphoric love affair between investors and marketplace lenders earlier this month at LendIt, those on the small business side are still feeling very optimistic.
Confidence among industry captains increased from 84.4% in Q4 2015 to 91.7% in Q1 2016.
Confidence among industry captains in their ability to access capital needed to grow their business increased from 85.8% to 91.7%.
The 2015 comprehensive report is available for $495. Please contact firstname.lastname@example.org for more information.Last modified: April 25, 2016
Sean Murray is the President and Chief Editor of deBanked and the founder of the Broker Fair Conference. Connect with me on LinkedIn or follow me on twitter. You can view all future deBanked events here.