Qualifying for Traditional Financing is Still a Challenge for Small Businesses. Get our UCC Leads and Strategize an Effective MCA Marketing Campaign

For a small business owner, qualifying for a traditional bank loan is still a major challenge. Due to the complexities and restrictions associated with traditional financing, getting a loan is a difficult process.

According to research conducted by Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet, it has been found that “over the last four years, there has been a 13 percent increase in access to capital for small businesses. But, most of the businesses are getting this money from personal assets and not banks or online lenders.”

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The study also revealed that “only 38 percent of small business respondents qualified for a percent of mid-size bank loan within the last three months, compared with 70 percent of mid-size businesses. While this is up from 30 percent in the first quarter of the year, it is down from a four-year high of 46 percent in the third quarter of 2014.” It has been found that businesses are even finding it difficult to obtain a small business administration loan. Only one percent of the small businesses surveyed qualified for an SBA loan over the past three months. For an MCA provider, now is the right time to plan merchant cash advance marketing and target prospects directly.

A merchant cash advance doesn’t impose any restrictions and will not take your credit rating into account, a small business has the most success with merchant cash. Research has also found that “41 per cent of the small businesses surveyed were able to obtain a merchant cash advance, compared with just 20 percent who were able to get a conventional loan from an alternative lender.” While a merchant cash advance is increasingly gaining popularity, finding prospective clients is still a major challenge for MCA providers. Fortunately, UCC leads exist to help then target the right customers.

UCC lists are records containing information such as name and contact details of those business that have applied for a merchant cash advance before and are expected to seek one again. The best news is since they have already taken a merchant cash advance, these businesses are familiar with the loan process. Getting highly-targeted UCC leads from a reputed lead generation service like ours will help you reach the right businesses and sell loans efficiently.

Without a relevant business loan leads list, generating leads and finding prospects can become difficult, especially when your MCA business is still in the beginning phase. Thus, purchasing a quality leads list from a reputed lead generation service will help you reach your potential customers prepared.

See Also: MCA Marketing- 5 Reasons to Trust a Merchant Cash Advance Leads Provider

At Merchant Financing Leads, we excel in providing fresh and qualified UCC leads to help you reach the target businesses efficiently. We are a team of highly qualified and dedicated marketing professionals who have been in the industry for a decade now and have assisted hundreds of thousands of businesses find prospective clients and sell MCA loans, helping them accomplish their goals.

Looking for fresh business loan leads? Buying our up-to-date UCC leads is the ideal solution. Get in touch today!