Fairfield, CT., January 24, 2022 — BitX Funding, one of the most prominent alternative lenders in Southern Connecticut, announced a banner year for growth in 2021. Overall, revenue increased by 10%, new users increased by 70%, and business applications came in at 1,275% more than the previous year. Out of all the loans that BitX sold, Startup loans had the highest increase.
“Our economy saw solid growth in small business lending. The startup loan category led the way due to the great registration,” said Todd Rowe, president of BitX Funding. “We continue to grow BitX revenue with support from internal sales, record marketing results, CT Innovations mentor support, and our raving fans. Our 2022 goals are to continue building our lending platform, growing our lender base, obtaining our lending facility, and driving client growth. Moreover, our goals are to increase revenue by 160%, have a 133% increase in the number of units sold, and increase the loan amount by 200% in 2022.”
Rowe promotes his company as a marketplace for small business loans, especially for young entrepreneurs. “With one click, you can get a response to your loan request within 24 hours.” That makes BitX Funding a partner you can trust in 2022.
Background
BitX Funding is a marketplace for alternative small business loans and business insurance. We connect clients with the right loan and lender from SBA 7a, start-up loans, short-term loans, mid-term loans to merchant cash advances, and business lines of credit. BitX is where lenders compete for your business. Our top-rated lenders focus on real-life business data and cash flow, which means you can qualify for small business loans even if your credit score isn’t perfect. We care about small businesses, and it’s our mission to secure the proper funding when you need alternative small business loans within our small business loan marketplace.
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Originally published on: https://www.marketwatch.com/press-release/bitx-funding-triumphs-with-record-2021-results-2022-01-27
