Non-Bank Loans Often the Only Option Today for Small Business Owners, Says Sunovis Financial; New Webinar Explains

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Non-Bank loans are often the only option for small business owners today, because many banks are still unable to lend - or the small business owner is unable due to credit history, collateral or down payment requirements.

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"We frequently hold a short webinar for small business owners to get into the details of why they are having a hard time getting a loan, and we offer a solution," said Terry Robinson.

Small business owners are still confronted by issues of gaining access to credit. Businesses need credit to grow, but if the local bank cannot or will not lend, this can create a crunch. "Micro loans, or small non-bank cash flow loans, can often be a great solution for the business owner," said Terry Robinson, president of Sunovis Financial.

"We frequently hold a short webinar for small business owners to get into the details of why they are having a hard time getting a loan, and we offer a solution," said Robinson. The webinar is entitled The Inconvenient Truth About Small Business Financing, and small business owners can register here.

"We are concerned because small business is the engine of our economy, and until small businesses can get stronger and grow, nothing will really happen with this economy," said Robinson.

Non-bank Micro loans are short-term loans based on business cash flow and ability to repay, not on credit scores or collateral. In fact, there are no down payments and no collateral requirements. A simple one page application and 4 months of bank statements are initially needed for a decision, which is typically made in 2 to 4 days. Funding can occur in a week to 10 days.

The mission at Sunovis Financial is to rebuild the U.S. economy, one business and one loan at a time, and through the Micro loans, says Robinson, "...we hope to make a great impact with small businesses."

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Kathy Heshelow
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