Banks Posturing With Small Business Owner Loan Requests, Firm Charges
"It's all a marketing ploy. The big banks are telling people what they want to hear," said Rohit Arora, CEO of Biz2Credit LLC, a New York-based online small business platform. "Small businesses are finding much greater success in securing funding from smaller lenders: credit unions, community banks, and micro lenders."
Founded in 2007, Biz2Credit has facilitated nearly $400 million in funding since its launch, according to the company's website.