Quote Originally Posted by aliciaj72 View Post
Good morning

The alternative lending space has not slowed down. Actually, banks are sending more deals to us because they have become more conservative with their lending and interest rates have gone up. Traditional banks do not have the lending capacity. Please let me know if you will need any type of assistance. I am happy to help. Thank you in advance.

Alicia Josshua
5555 Glenridge Connector Suite 200
Atlanta, GA 30342
(678) 786-7201

https://www.nationalbusinesscapital....ner/?ref=99855
Nah. Definitely slowed down. Yes there may be more applications coming through due to banks tightening uo but I am seeing a huge increase in delines and most of my funders tightening up. Rapid was approving everything prior to January and since then havent even seen one approval, even on qualified renewals. Wouldnt be suprised to find out they stopped funding altogether. IOU , CAN and a good portion of my A paper funders have a similar decline rate. Bottom line is the defaults rates are insane accross the board. Whoever hasnt slowed down yet will do so shortly. good news is We got through covid, well get through this god willing