Detroit, MI (PRWEB) July 02, 2013
Sources close to executives at America's Cashlline Corp. have confirmed that Proven Resource LLC has been selected to provide legal and real estate loan compliance services to America's Cashline, an alternative commercial lending institution.
"There is increased activity in commercial lending, especially for those business owners who, until very recently, have been denied loans by their banks," says David Soble. Soble is the managing real estate and finance attorney for Proven Resource. "Alternative commercial lenders have loosened up as of late and this means more commercial loan applications are being approved. This generates a need for Proven Resource's compliance, real estate and advisory services."
Many commercial loans are maturing within the next several years. Those obligated on loans that become due will need to refinance and "exit" their current bank.
Soble states, "It's the right time for America's Cashline to broaden and increase their commercial lending activity, and we welcome their business."
Executives at America's Cashline could not be reached for comment at the time of this release.