Release overview
New York, January 10, 2022. Line of Credit Depot published findings from an Iron Capital Equities analysis of financing applications submitted during November and December 2021.
Of more than 2,500 applicants, approximately 68% selected hiring staff as their intended use of funds. That share rose to 77% among applicants reporting annual revenue above $1 million.
The findings describe this applicant dataset. They highlight hiring needs during the post-pandemic recovery, rather than establishing the financing priorities of every small business.