Turns Out Most SMBs Don’t Compare Lenders

Released  January 2, 2019
By Megan Greuling

A new survey from LendingTree shows that a majority of small businesses who apply for loans don’t take time to shop around The data shows that of those seeking small business loans within the past year, 58 percent of the 170 U.S. small business owners did not compare loan options during the application process. Furthermore, 61 percent said they went straight to a bank or credit union to determine what options they had for financing and funding options._x000D_