Phoenix, AZ (PRWEB) March 16, 2012
The field of small business lending has changed in recent history and continues to evolve. In the wake of financial disaster “the great recession” has caused, the methods of getting a business loan is now more likely to come from smaller banks, and incorporate the use of technology to lend. The article titled “Bank Size, Lending Technologies, and Small Business Finance” by Allen N. Berger and Lamont K. Black, says that the current pattern in small business lending research shows that large banks tend to specialize in lending to relatively large, informationally transparent firms using “hard” information, while small banks have advantages in lending to smaller, less transparent firms using “soft” information. The new site BusinessLoans123 strives to connect businesses with loans that fit its direct need, size and amount. It achieves this with its flexibility in options.
Rather than target a specific business, the site aims to cater to the needs of all businesses in need of a loan. The site offers a simple application process, and guarantees the potential bower to receive a call back within one business day from a business consultant. Based on the potential borrower’s type of business, length of time in business, business credit, and other factors, the site will match the borrower with the best lending option for a business loan.
The site BusinessLoans123.com prides itself on taking a complicated process and simplifying it in a way that allows the borrower to get the best option available in the shortest amount of time. Requirements to receive a business loan include, the applicant must be the current business owner, the applicant must have owned that business for at least 1 year, and must process at least $3,000 a month in visa or MasterCard purchases.
For more information on business loans please visit http://businessloans123.com/ or