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Research shows over 43% of all small businesses in the US apply for a loan at one point or another [1]. This is a staggering amount and demonstrates how important a seamless lending process can be.

It can create unwanted hurdles for businesses that are unaware of or not targeting the right lender. To make sure things are streamlined as possible, it’s important to look at the value of an offline lender.

This article is going to look at why using offline lenders is the better choice for small businesses wanting funds right away.

Benefits of an Offline Lender for Businesses

1. Quick Approvals

The one concern most small businesses will have is going to involve the timeline. You don’t want to be left waiting around hoping the funds come through.

This can be frustrating and lead to the business getting stuck. To make sure things are progressing at the right pace, it’s best to take the time to look into an offline lender.

An offline lender is going to be straight to the point and will have an easier time verifying you. They can quickly access hard copies of all relevant documents and that cuts down a few steps in the vetting process. You are not as lucky online.

By saving this time, you are going to be well on your way to a good offer that is in line with what you want as a small business owner. Keep this in mind as you are figuring things out.

2. Builds Trust

Trust is essential because almost 43% of all loan applications go straight to the bank [2]. This is simply due to people assuming those lenders are the only trustworthy ones.

This is untrue and it is the wrong mindset to have. The goal is to find a good deal and that can be found away from the banks too.

If you go offline, you will find multiple lenders that are more than happy to help. The fact you are dealing with them in person builds trust and that does matter.

The benefits include:

  • Faster Processing
  • Better Rates
  • Seamless Steps

Just taking the time to build this type of trust will go a long way.

The lender is going to have a much easier time giving the funds to you because the processing will be done in person.

3. Easier Access to Funds

You should always look to have easier access to funds as that is what this entire process is about.

If the goal is to get financed as soon as possible then going offline is a must. You are going to remove a few steps and save quite a bit of time along the way.

This is key when figuring out what works best for your particular situation.

4. Safer

Safety is key because you will not want the data getting into the wrong hands. This is essential because a small business is heavily reliant on this sensitive data.

By going offline, you will know the hurdle of digitizing your sensitive information goes out the window. This is a great way to stay protected.

The benefits include:

  • Legally Compliant
  • Easier To Trust For Both Sides

If the goal is to stay safe then going offline to a trusted lender is smart. It will ensure you don’t end up with a bad deal or a system that goes haywire.

This provides peace of mind to a borrower when it comes to providing information through the system.

5. Reduces Legal Concerns for Both Sides

Offline lending is much better when it comes to the legal side of things.

Each region is going to have legal boundaries in place for lenders and borrowers. It’s best to be aware of these boundaries at all costs.

With an offline lender, you will have a qualified lender that has a physical location. This already shows they are the real deal and much better than the average online lending service.

It will also reduce some of the legal issues you would otherwise have to deal with online in a bad situation.

6. Easier to Personalize

Personalization is important when it comes to a small business applying for funds.

You don’t want to be in a situation where the information is not readily available and you don’t get the type of rate you’re on the lookout for.

By going offline, you will have a simpler time receiving personalized service. The representative is going to be speaking directly to you and can make on-the-spot changes to your file if necessary.

The benefits include:

  • Fine-Tuned For Your Needs
  • Easier To Get A Competitive Rate

When you do all of this online, it can leave doubts as to what information is going through and what’s not.

It is also much harder to make edits to an application when this happens. To avoid those hurdles, look to go offline.

7. Proven Method

Offline lending has been around for generations and there’s a stable system in place.

This doesn’t mean digital lending doesn’t have a place. It does. The issue comes down to wanting to keep things as simple as possible.

With offline lenders, you will know what to expect and the process will always work out in your favor. This is simply due to how the steps take place and the hurdle of processing information online is removed. Many lenders have additional verification steps in place for online lending services.

To get past these steps, you will want to head offline.

The lender will have everything ready to go and your application is also going to get pushed forward. This is simply due to the interaction you have with the lender in person.

8. Clear Declaration of Terms and Conditions

Each lender is going to have specific terms and conditions.

These are essential for the process to get underway. If this information is not being passed onto you, it’s not going to work out the way you want it to. Even the simplest of misunderstandings can lead to serious hurdles later on.

When you go offline, it’s easier for the lender to verify and pass this information on in seconds.

9. Eliminates Technical Glitches

The one concern a lot of small businesses worry about has to do with technical glitches.

You don’t want a situation where technical glitches start to ruin your experience. This can lead to the wrong information being sent to the lender and/or the information going to the wrong place.

This is why a lot of people worry about how their data is handled online. To eliminate this worry, it’s best to head offline as a small business getting its feet wet.

Final Thoughts

Using an offline lender is great for several reasons and it simply comes down to getting the funds when you want.

A small business will be reliant on making sure they are getting the funds to use when they need them the most. If you wait too long, this can start to take a toll on what you are doing and that is the last thing anyone wants to see happen.

Keep things simple and stick to an offline lender as a small business.

You can put the application in knowing they are going to vet you quickly. This saves a lot of time and effort on your end, which is essential.

While online lenders have their purpose, it is still best to start with an offline lender when you are in this type of situation. It will alleviate some of the underlying concerns both sides having going into the process.


  1. https://www.fundera.com/resources/small-business-lending-statistics
  2. https://www.finder.com/business-loan-statistics