Release overview
New York, March 10, 2022. Iron Capital Equities reported that loan applications had increased 67% over the preceding 90 days. The company connected the increase with inflation, supply-chain pressures, and rising wages.
The release describes growing demand for working capital as businesses faced higher costs and pandemic relief programs ended. Line of Credit Depot was positioned as a way to connect applicants with local and national banks offering business lines of credit.
The increase was a company-reported observation at the time of publication, not a current measure of loan demand.