New Online Service Provides Faster Small Business Financing for Oil Industry Companies

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Gone are the days when it was literally impossible for small oil and gas industry business owners to get access to financing and working capital. Thanks to the new small business funding service LendDeck.com, the playing field has now been leveled to make it possible to access business-related financing, even if the business owners have personal credit problems or do not process business credit cards.

Small Business Loans for Oil Industry Companies

Small Business Loans for Oil Industry Companies

The financing process can be started with an easy online form and go to cash in hand funding in just a few days rather than the weeks or months it can take with most conventional banking institutions.

If a small oil or gas business owner has established cash flow or accounts receivable, according to Lisa Wolfrum, President of SBL Capital Group, LendDeck.com has now put a system in place to help such companies qualify for funding from $2,000 up to $250,000 or more in special circumstances.

“The financing process can be started with an easy online form and go to cash in hand funding in just a few days rather than the weeks or months it can take with most conventional banking institutions,” says Wolfrum.

Launched earlier this year (May 2013), the small business cash advance service was designed to help small businesses in the oil and gas industry get the financing they need without the hassle of a traditional bank loan.

“The goal is the help them complete a no-obligation request form on the website in less than two minutes,” says Wolfrum, who now makes it super easy for these oil and gas company business owners to find out what kind of financing their business can qualify for without ever visiting a bank.

“The rationale behind LendDeck.com,” explains Wolfrum, “is based on the fact many small businesses, and particularly those in the oil and gas business, were finding it difficult to access cash or financing because traditional banks weren’t accommodating their application, because many of these small business owners had less than perfect credit scores.”
“With low credit scores of these oil and gas industry business owners playing a major factor in traditional banks not granting them traditional loans, we have decided to step in to fill the breach with LendDeck.com, which has a much faster and easier funding process with far less paperwork required and looks at the business operations instead of the business owner,” adds Wolfrum.

Even though they do not offer funding for true start-ups, Wolfrum says LendDeck.com will consider most businesses with at least four months of operations and cash flow.

“We are really excited about the fact that LendDeck.com and its funding partners have so far helped small business secure several million dollars in financing in 2013 alone. Getting small businesses the money they need to continue operations and expansion is a great help in strengthening the American economy and we are excited to have the opportunity to fill a gap in the market. In so doing, we are helping the country’s economy to grow. Besides, it is a great feeling to be in a business where everybody wins,” concluded Wolfrum.

For further information, please contact: Lisa Wolfrum, President of SBL Capital Group, LLC - 800-213-6456, or visit their website at http://www.LendDeck.com.

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Lisa Wolfrum
Lend Deck
since: 05/2013
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