SMBs Line of Credit Survey 2023

  • SMBs Line of Credit Survey 2023

    Evaluating how Small and Medium-sized businesses (SMBs) are securing lines of credit

  • Welcome!

    This short survey is designed to help us understand the experience of Small and Medium-sized businesses (SMBs) in securing lines of credit. The findings of the survey will help us understand how we can leverage our services to meet SMBs' growing needs.

    Company Background: MultiFunding helps businesses achieve their biggest growth goals through creative and personalized funding solutions, including SBA loans and other options. For more information, please visit: www.multifunding.com

    Our Promise: All efforts have been made to preserve anonymity, which is the ultimate promise of the company. The survey results are automatically anonymized and aggregated, making it impossible to identify specific respondents. Your responses are completely confidential.

    Estimated Time to Complete: ~2 minutes

    Thank you for taking the time to provide your valuable input.

    Kate Stackhouse

    kstackhouse@multifunding.com

  • Please read each question carefully and select the option that best describes your current activity.

  • Which one of the following lenders did you use to secure line(s) of credit in the past 24 months? (Choose all that apply.)*

  • Please fix the error above. If "None" is selected, you can't select any other choice.

  • Line of Credit Application

    Please read each question carefully and select the option that best describes your current activity.
  • How was the outcome of your most recent line of credit application? *
  • Why didn’t you consider applying for a line of credit?*
  • Which of the following factors discouraged you from using a line of credit? (Choose all that apply.)*
  • Which of the following are the reasons for not getting your line of credit application approved? (Choose all that apply.)*

  • Cost and Uses

    Please read each question carefully and select the option that best describes your current activity.
  • How do you primarily use your line of credit(s) for your business?*

  • Funding Challenges

    Please read each question carefully and select the option that best describes your current activity.
  • Which of the following parts did you find the most challenging in your funding application process? (Choose all that apply.)*
  • In your opinion, which of the following terms can make a loan unfavorable? (Choose all that apply.)*

  •  

    How strongly Agree or Disagree you are with the following statement:

  • “Evaluating and comparing possible business loan options is difficult.”*

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