Tag

cost per file

2 insights

Two lines across five employment size bands: applications approved in full rise from 47 percent at firms with 1 to 4 employees to 72 percent at 50 to 499, while partial approvals fall from 30 percent to 20 percent.

The Most Expensive Outcome in Your Book Is Not a Decline. It Is a Partial Approval.

Approval rate counts a partial as a win. It is the one outcome that consumes the entire cost of a yes and books a fraction of the revenue, and it concentrates in exactly the size band the non-bank channel serves.
AI & Automation
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Bullet bars showing an overall credit approval rate of 79.5 percent and a small ticket approval rate of 80.7 percent, each against the full population of applications received.

Approval Rates Near 80 Percent Mean Four in Five Applications Become Work. Volume Is at a Record.

Equipment finance approval rates reached 79.5 percent in June, and 80.7 percent on small ticket. With 2026 volume forecast at the highest level since the survey began in 2006, the constraint is cost per file, not credit appetite.
Specialty FinanceBusiness Case & ROI
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