Today, the SBA Office of Advocacy issued their annual Small Business State Profiles. At the national level, the SBA now estimates that there are 34.7 million small businesses in the United States, those with fewer than 500 employees. Roughly 28.5 million of these are classified as non-employer firms, just the business owner. The reports provide a State-by-State summary of business demographics, valuable data for financial institutions to understand. The link is provided below.
Lendovative Technologies, Inc.
Software Development
Brentwood, TN 177 followers
Innovative Lender Solutions
About us
Lendovative Technologies, Inc. is in the business of helping community centered financial institutions connect with their business clients.
- Website
-
www.lendovative.com
External link for Lendovative Technologies, Inc.
- Industry
- Software Development
- Company size
- 2-10 employees
- Headquarters
- Brentwood, TN
- Type
- Privately Held
- Founded
- 2022
- Specialties
- Commercial Lending Technology
Locations
-
Primary
Get directions
Brentwood, TN 37027, US
Employees at Lendovative Technologies, Inc.
-
Brian Hiatt
CIO of Collectorpro™ Software, CTO of Lendovative Technologies, CTO of HomeHealthcaring.org, Public Cloud Expert at BrianHiatt.com
-
Paul McCulloch
CEO of CBC Underwriters Inc and Lendovative Technologies Inc. President of Cover and Care
-
L. Barrington Allen
Helping Lenders with Profitability, Loan Diversification, Efficiency, Deposits & Compliance Through Innovative Technology | Motorsports Fan🏎️🏁|…
Updates
-
Our team at Lendovative Technologies, Inc. is once again honored to partner with our friends at Vertical IQ to bring commercial lenders the quarterly AR and Inventory Reliance Reports. These resources help lenders identify potential working capital finance opportunities in the coming months. #smallbusinessfinance
Loan officers, did you know that the U.S. Small Business Administration Office of Advocacy now estimates that there are 34.7 million businesses in the US with <500 employees? This number has jumped from just over 31 million in 2019! With this rapid rate of small business expansion, it is critical for commercial lenders to study the data and determine which industries are most likely to need their services. We and our partners at Lendovative Technologies, Inc. are taking a closer look at how this small business growth could impact demand for commercial lending with the second quarter AR and Inventory Reliance Score Reports— a free tool for community-minded financial institutions. See the final report of 2024: https://hubs.ly/Q02Xhj440 #ReadinessWins #lending #financing
-
-
The historic generational wealth transfer now taking place in the United States will create significant opportunities for community centered financial institutions to help their customers manage their financial wellbeing and enhance financial literacy - already a major focus for many organizations.
The Largest Generational Wealth Transfer in U.S. History: What It Means for the Economy
Lendovative Technologies, Inc. on LinkedIn
-
Small businesses, those with 500 or fewer employees, continue to grow in the US. With new statistics expected later this year, the SBA estimates that we now have more than 34 million active businesses, mostly single person entities. This article explores some of the key benefits these businesses bring to our economic ecosystem. #supportingsmallbusiness #smallbusienssimpact
The Impact of Small Businesses on the U.S. Economy
Lendovative Technologies, Inc. on LinkedIn
-
Lendovative Technologies President, Pat True, recently had the honor of sitting down with Anna-Vija McClain for an April episode of SCORE Connect from News Channel 5 in Nashville. During the episode, Anna-Vija and Pat discussed trends in small business development and funding within the US economy. Thanks so much to the folks at SCORE for making this programming available. https://lnkd.in/edR9ZBHK
Trends in Funding
newschannel5.com
-
Lendovative Technologies President, Pat True, recently had the honor of sitting down with Anna-Vija McClain for an April episode of SCORE Connect from News Channel 5 in Nashville. During the episode, Anna-Vija and Pat discussed trends in small business development and funding within the US economy. Thanks so much to the folks at SCORE for making this programming available. https://lnkd.in/edR9ZBHK
Trends in Funding
newschannel5.com
-
Lendovative Technologies, Inc. is proud to have partnered with Vertical IQ to share the latest AR and Inventory Reliance Score Reports utilizing RMA data. These reports serve as an indication of industry sectors that may seek accounts receivable or inventory financing during the first half of 2024. #actionablebusinessintelligence #lenderresources Thanks to our friends at Vertical IQ.
From the beginning of 2021 through the present day, more than 3 million new businesses have formed in the United States. With that rapid rate of expansion, it is critical for commercial lenders to study the data and determine which industries are most likely to need their services. We and our partners at Lendovative Technologies, Inc. are taking a closer look at how this small business growth could impact demand for commercial lending with the first quarter AR and Inventory Reliance Score Reports— a free tool for loan officers at community-minded financial institutions. Learn more and see the latest reports: https://hubs.ly/Q02mzQsD0 #ReadinessWins #IndustryIntelligence #Lendovative #lending #financing #sales
-
-
Commercial lenders see promising signs in new business formation statistics. #Nurturingsmallbusinesses
Business Formation Statistics Represent Encouraging News for Commercial Lenders
Lendovative Technologies, Inc. on LinkedIn