Nationwide (PRWEB) August 20, 2013
Small business lending, in both the form of loans, as well as lines of credit, had continued to publish dismal numbers since before the recession began taking hold in the summer of 2008 and more so going into 2009 through 2011. According to a business news item published by the Washington Post, “Ever since the credit crisis began three and a half years ago, small businesses have found it tough to get loans from traditional banks.”
That lack of capital has created a situation in which the small business community has suffered credit blemishes and been put under an enormous amount of financial pressure. Over the past several months, alternative lenders have been the go-to resource for capital infusions such as poor credit cash advances. Many small companies are finding that this is the only way to obtain the funds that are needed.
Alternative lenders, like Business Cash Advance Guru, are upping the ante with the options of bad credit business loans fast offer that are both affordable and flexible. With resources such as poor credit business cash advances, small companies can hire more employees, make necessary improvements to their brick and mortar, invest in new equipment, increase inventory or materials levels, and much more.
Business Cash Advance Guru states that it can give a company a bad credit business loan fast quote that’s within reach, unlike the large corporate banks. In fact, those institutions are not making many loans whatsoever, especially debt instruments like poor credit business cash advances, and other types of business loans.
More and more, the trend of keeping money in reserves and not lending is continuing in earnest, “Bank data show that small businesses, which normally seek loans of less than $1 million, are still having trouble getting credit. For small companies, total outstanding credit dropped to $663 billion in the first quarter of 2010 from nearly $700 billion in mid-2008, according to quarterly regulatory filings. The share of business owners who say they cannot get adequate financing rose to 41 percent, according to a National Small Business Assn. (NSBA) survey released in July, up from 39 percent in December and 22 percent two years ago,” reports Bloomberg Business-Week.
Those numbers represent a stark reality: banks are not only holding back in excess of $1.8 trillion. What loans do get approved are few and far between because of the burdensome process to get a small business loan. Business Cash Advance Guru Points out that many of its current customers have tried to secure a loan through their bank, only to find that it’s not a viable option.
http://www.BusinessCashAdvanceGuru.com says that it offers poor credit business cash advances as an affordable, accessible means for companies unable to get a loan or line of credit through traditional lenders. With those same institutions requiring the completion of lengthy loan applications, putting up of substantial collateral, undergoing a personal and business credit history review, signing a personal guarantee, and committing to a higher interest rate with rigid repayment terms, it’s little wonder why alternative lenders have become the preferred choice of small business owners.
Common alternative lending services that Business Cash Advance Guru.com now offers, through their nationwide expansion include:
More services are available, in addition to the above list, through the website at: http://www.businesscashadvanceguru.com
The lending company’s expanded services are 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, 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, or http://www.businesscashadvanceguru.com