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04-05-2023, 06:45 PM #1
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Best industries to fund?
Maybe some of the direct lenders can comment on this one:
what are the top industries getting the best approvals currently?
We're getting crushed on approvals for deals we use to get good rates on.
thank you in advance..
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04-05-2023, 07:59 PM #2
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- Jul 2022
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- NJ/FL
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I heard roofing is in season. Lots of homeowners who are getting their tax return and dropping it on renovations before possibly selling their homes in the summer.
im also stupid, young and never owned a home so maybe i believe whatever sounds reasonable
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04-06-2023, 05:25 PM #3
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In the MCA industry construction and trucking/transpo are considered high risk. Right now medical and IT/engineering are hot industries. Restaurants used to be also the cream of the crop but lately those have also been getting more conservative approvals as well depending on location, TIB, and how the banks are managed.
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04-06-2023, 05:49 PM #4
Can't speak for everyone but, for us personally.
Medical (including mental health)
E-commerce
Insurance agencies
Beauty shops/nail salons.
A few that our underwriting team is really pushing.Last edited by fundfialex; 04-06-2023 at 05:52 PM.
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04-11-2023, 05:52 PM #5
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- 3
Same here in regards to Medical,
construction is performing well recently.
Plumbers and handymen.
Solar is pretty good.
That's what I could think off the top of my head.
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