The Business Finance Store Offers Tips for Small Businesses Looking for Bank Financing

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The Business Finance Store discusses the increases in bank lending options and tips for small businesses to increase their changes of approval.

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Funding is Available with The Business Finance Store.

Chase and Citi Bank greatly increased their small business lending in 2011 as compared to 2010, according to Reuters. Chase reported that its small business lending rose to $17 billion in 2011, a 52% increase from 2010. Citi reported lending $7.9 billion to small businesses, up 30% from 2010. Small businesses looking for bank financing should pay attention to news like this, as it is likely to affect their chances of getting funding for their business. In the recent blog post “Chase, Citi Boost Small Biz Lending in 2011,” the Business Finance Store discusses the increases in bank lending options and tips for small businesses to increase their changes of approval.

This upswing in small business lending reverses several years of tightened small-business credit related to the financial crisis of 2008 and subsequent economic downturn. While things are not back to how they were before 2008, this uptick provides a bit of optimism for small businesses. That said, bank financing is still difficult to get, and small businesses should prepare and seek assistance in order to increase their chances of success. Read more about bank lending and ways small businesses can improve their chances of getting loan approvals from banks at the Business Finance Store blog.

The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.

The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes, and put them on the path to success.

For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and to achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007 they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.

For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website: http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.

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Kelly Rye
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