Here at Rosemont Capital Solutions, we are dedicated to you and all your different business needs at all stages of your business life cycle.
We have over 20 years experience in meeting the financing needs for small business. We operate with an entrepreneurial spirit and understand that it takes a win-win relationship in order to truly understand, develop, and grow your business. So that we can thrive together in the communities in which we serve.
SOME FACTS ABOUT SMALL BUSINESS LENDING
SMALL BUSINESS IS GREAT BUSINESS!
Small business is Main Street!
There are 28 million small business in the United States
120 million workers work in small business, almost half of the private sector workforce
Small business has generated 65% of net new jobs over the last 20 years
70% of small businesses survive 2 years, only 33% survive 10 years
Marketplace lending for small business is a multi-billion dollar industry
Marketplace has had had compounded growth of 124% a year since 2020
Main Street needs a financial resource and Rosemont Capital is here to help
Majority of small business owners do not qualify for bank loans
Small business lending is riskier than large business lending
Underwriting costs for a $100,000 and a $1,000,000 loan are about the same
Bank starts are not keeping with bank failures, same for small business
Big banks prefer low risk, low profit ventures
Since 1995 small business has created 2 out of 3 net new jobs
Small business loans down 20% since financial crisis of 2008
Bank competition for small business loans is falling
74% of small business owners say that credit denial prevents them from expansion, filling orders or prevents them from hiring
More than 50% of small business seek loans less than $50,000
Non-bank lender take more risk on small business funding.
Source: Harvard Business School - The state of small business lending July 22, 2014