Nationwide (PRWEB) January 12, 2014
Automotive service owner loans and other small business loans are now available at an affordable rate, courtesy of alternative commercial funds provider, BusinessCashAdvanceGuru.Com. Small companies wanting to know where to find a bad credit business lender have to look no further than this lender, which has a 98 percent approval rate, far above traditional banks.
Even though the Great Recession ended years ago, big banks are not approving small business loans to limit risk. These institutions are reeling from tens of millions of dollars in small business loan defaults.
"A recent survey of banks and asset-based lenders found they turned down more than a third of all businesses’ applications for loans this past year. Many businesses wouldn’t even attempt to seek funding because they believed their request would be rejected, according to a survey of privately held businesses in the same report from Pepperdine University. In the Pepperdine study, banks and asset-based lenders only rarely cited a company’s size or economic concerns as the reasons for declined loans. The top reasons instead were tied to the quality of the business’s earnings or cash flow, or to the fact that a company had insufficient collateral, the Washington Post reports.
Facing new federal banking laws traditional lenders have tightened their lending standards. These institutions are only approving loans for businesses with impeccable credit and substantial collateral commitments.
“BusinessCashAdvanceGuru.Com makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to business grade capital swiftly and easily to small businesses across the country is realized through the alternative lender's release of its proprietary commercial funding system.”
Big banks have stringent lending requirements, but alternative lender BusinessCashAdvanceGuru.Com bases its qualifications on monthly credit card sales. There is no credit file review, and approvals are given in only 24 hours. Funds are directly deposited into the applicant's business checking account, and funds may be used for any purpose.
Businesses can apply through a simple online form and rates are competitive, starting at just 1.9 percent. Payments are based on a percentage, not a fix dollar amount, and automatically adjust during slower sales months. In addition, there are tax benefits to these commercial funds and businesses can receive between $5,000 and $500,000 regardless of credit standing.
BusinessCashAdvanceGuru.com expanded nationwide services are now available in the following geographical areas:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.
http://www.BusinessCashAdvanceGuru.com is a division authorized by TieTechnology, LLC. TieTechnology, LLC, specializes in service based solutions for businesses. Services provided by TieTechnology are merchant credit card processing, business service telecommunications, and web based visibility marketing. The advantages of doing business with TieTechnology are, their commitment to their customer service excellence and the offering of one stop solutions to all business to business service product needs for the customers’ convenience. To learn more about their wide assortment of business services, please visit http://www.tietechnology.com.