Nationwide (PRWEB) September 27, 2013
Small business owners and financing are the subject of much debate. Lending for small companies has been down in the past several years. The result is the creation of the alternative business loan. Many companies find 12-month business bank loan, debt instruments, to be difficult to obtain, and credit unions are fighting to fill the gap.
"New York Democratic Senator Kirsten Gillibrand is grabbing headlines in her state this week for pushing her colleagues to vote on the Small Business Lending Enhancement Act. The legislation, introduced by Colorado Senator Mark Udall in 2011, would address ongoing complaints about limited access to business loans by raising a cap on commercial loans that credit unions are permitted to make, based on a percentage of their assets," reports Yahoo News.com, dated April 13, 2013.
However, companies need small business loans fast, and the commercial banks are attempting to squash the credit union market grab. Arguing small business owners will be able to avoid many federal and state taxes; large corporate banks have made their position against such alternatives known. "Big banks oppose the bill, however, for reasons cited in a report released in November by the Capital Policy Analytics Group. The report asserts that 'claims made by credit union advocates regarding job creation, and economic growth as a result of an increase in the business loan cap is highly questionable," according to a news report by Yahoo Small Business.com, dated December 7, 2012.
Small business owners can still get a 12-month business bank loan through alternative lenders like Cash Funds Fast. Companies with an excess of $5,000 in monthly credit card receipts are eligible for many types of alternative business loan products. The approval rate is 98 percent, and perfect credit is not a qualifier.
Companies can receive a small business loans fast, with funds directly deposited into the applicant's bank account in as little as seven to ten days. These alternative business loan products do not require any collateral and companies do not have to submit year's worth of tax returns, certified financial documents, a credit history reports.
Conventional 12-month business bank loans require this documentation and more. Small business owners are typically required to sign a personal guarantee for a line of credit or a 12-month business bank loan.
The measure in Congress to help small business owners get easier access to capital is likely to fail, according to experts. At last count, the Govtrack.us Prognosis for the bill's passage is only 10 percent. The bill is still in committee, and has only a 2 percent chance of being enacted.
That means alternative business loan products will continue to fill the void left by the corporate lenders. Companies can still get small business loans fast through vendors like Cash Funds Fast.
Several alternative business loan products are available through this vendor, with competitive rates and no application fees. Companies can get a small business loans fast for as much as $500,000 without having to submit the lengthy documentation required by the big banks. Funds can be used for any purpose, and small businesses have many types of repayment options. What's more, applications take only minutes to complete.
Common alternative lending services that Cash Funds Fast.com now offers include:
More services are available, in addition to the above list, through the website at: http://www.cashfundsfast.com.
Cash Funds Fast expanded nationwide services are now available in the following geographical areas:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.
Cash Funds Fast, a division authorized by TieTechnology, LLC. TieTechnology, LLC, specializes in service based solutions for businesses. Services provided by TieTechnology are merchant credit card processing, business service telecommunications, and web based visibility marketing. The advantages of doing business with TieTechnology are, their commitment to their customer service excellence and the offering of one stop solutions to all business to business service product needs for the customers’ convenience. To learn more about their wide assortment of business services, please visit http://www.tietechnology.com, or http://www.cashfundsfast.com