Most companies want to grow. And they want to grow faster. But “whether they do will be heavily influenced by their ability to finance that growth – either through earning or outside sources.”
Craig Everett, director of the Pepperdine Private Capital Markets Project, shared that “nearly 89% of business owners report having the enthusiasm to execute growth strategies, yet just 46% report having the necessary financial resources to successfully execute growth strategies.”
The main reasons why business loans get rejected are the business’s quality of earnings and cash flow.