Rohit Arora | Source | CEO and Co-Founder at Biz2Credit
Rohit Arora
Rohit Arora, CEO of Biz2Credit, is one of America's top experts in small business lending and the use of FinTech to streamline the funding process. In 2011, he was named New York City's “Top Entrepreneur” by Crain’s New York Business, which named Biz2Credit among NYC’s “Fast 50” of 2014 and 2016. He has met with top executives from the Federal Reserve and SBA and was invited to the White House by the President's Council of Economic Advisors to update economists on matters related to small business lending.
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The purchasing power of people has been pretty good. That has really benefited restaurants.
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The economy continues to show strength, and this bodes well for small businesses in search of capital. Entrepreneurs are optimistic about the future, and banks are willing to lend. The holiday shopping season has gotten off to a good start, and overall, companies have done well in 2018. It’s a good economic atmosphere for small business lending at the moment. I expect this to continue into the New Year.
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Despite concerns, lenders are still making restaurant loans
A Biz2Credit study says banks are approving restaurant loans at a much higher rate than other industries.
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Big Banks Approved Small Business Loans at Pre-Recession Rates, Small Banks Granted More Than Half of Their Funding Requests in November, According to Biz2Credit Small Business Lending Index™
Business loan approvals rise for banks, while institutional lenders, alternative lenders and credit unions dip slightly
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Forbes Finance Council (https://forbesfinancecouncil.com/)
Official Member -
Biz2Credit (https://www.biz2credit.com)
CEO and Co-Founder
started Sep 2006