Our company mission is to help rebuild the U.S. economy, one business and one loan at a time. We believe Micro Loans are a part of this mission today, says Terry Robinson at Sunovis Financial.
San Francisco, CA (PRWEB) March 12, 2013
Since 2008, small businesses have had a hard time accessing capital from banks, many of whom are still in recovery themselves. Lending is tighter, but all businesses need capital to operate, thrive and grow. small business creates 65% of all new jobs and are the source of innovation. We can't have an economic recovery without small business recovery.
Micro loans are short-term non-bank business loans available to many types of business owners, even those with less than stellar credit.
What are three ways Micro Loans can help the economy recover?
1) Micro Loans can help a business keep jobs in place or create new ones. A majority of new jobs are created by small businesses. Essential capital in the hands of small businesses will help the jobs situation.
2) Micro Loans help small businesses survive and thrive - and help their local communities! Myriad studies in such areas as Chicago and Austin show that money spent with local small businesses keeps the lions share of money in the local community, while money spent at national chain-style businesses sends a much larger amount of money out of the local economy. Helping local small businesses actually helps enliven the entire community.
3) Micro Loans can help small business owners with poor credit history. Credit history is not emphasized in order to obtain a micro loan. Some of the short-term loans such as those often handled by Sunovis Financial report repayments to the credit agencies and can help small business owners get a better standing for the future. Not all Micro loans have this feature, so it if is important, the small business owner should discuss it up front.
Terry Robinson, President of Sunovis Financial, says, "Our company mission is to help rebuild the U.S. economy, one business and one loan at a time. We believe Micro Loans are a part of this mission today." Not every industry qualifies, but we are helping many small businesses today.
About Sunovis Financial
Sunovis Financial is a national financial services company whose mission is to help rebuild the U.S. economy, one business and one loan at a time. The company offers short-term Micro loans, offers SBA loan expertise for borrowers and SBA services for small banks. It also handles commercial real estate finance and refinance.