Bala Cynwyd, PA (PRWEB) January 08, 2014
Varsity Business Solutions, dba smallbusinessfunding.com, is an alternative business financing source for all small businesses. When small business owners are turned down for financing by their bank, smallbusinessfunding.com is the best alternative for those with bad credit, no credit, in business for less than three years or who need financing in less than a week. Small Business Funding has a network of lending relationships with the nation’s top alternative private lending banks. They are the best source for all business owners who need capital for inventory, new hires, equipment, expansion, working capital, or fast cash in less than 7 days. Small Business Funding’s alternative lenders rely on business performance and cash flow rather than personal credit scores. With this service, business owners in any industry, can fill out a simple one page form and have a funding specialist contact them to answer any questions concerning the alternative lending industry and their capital needs. Once a degree of comfort is established between the small business owner and a senior funding specialist all that is needed are some bank statements and merchant processing statements (if a business accepts credit cards-not required for funding) and a lending decision can be returned within 24 hours.
The residential and commercial construction market is making an aggressive comeback. Construction companies are spending money again to develop land and build new communities. Often times, they will run into issues in which they land a large contract but are required to purchase supplies as well as hire sub-contractors. This unfortunately causes cash flow issues which is a business killer. Banks cannot get them the capital they need fast enough are decline their requests due to personal credit issues.
Smallbusinessfunding.com provides this much needed capital to bridge their cash flow until such time they are paid. In Q4, 2013, they provided over $10MM in fast capital. General contractors, plumbers, electricians, HVAC suppliers are also lumped into this category as well. They too need working capital to help with supplies and to bridge the time between finishing a job and getting paid. Traditional banks take too long to underwrite working capital loans. Cash is needed fast in order that they start on a job and complete it. Too much emphasis is placed on personal credit when applying for a loan with a bank. “Small Business Funding takes the overall business performance into account and quickly and efficiently locates the right outlet for business capital” says Michael Kevitch, President of Varsity Business Solutions.
About The Company
Varsity Business Solutions is a Delaware based LLC located in Bala Cynwyd, PA. They control numerous web properties, including smallbusinessfunding.com, promoting alternative small business loans for businesses owners that have been declined by their bank for funding. With a network of alternative lending partners covering all industries and high risk businesses over 90% of the applicants are approved for alternative funding. To contact, please call 1-800-742-2995