(PRWEB) December 16, 2013
The national economic meltdown hit the small business community the hardest, leaving companies with a serious need for a bad credit business loan. However, banks were likewise stung, having to incur hundreds of millions of dollars in defaulted mortgages and small business loans. Now, BusinessCashAdvanceGuru.Com is stepping in to offer a solution to small companies that need a poor credit business loan fast.
The Great Recession caused the federal government to rethink its banking laws. In response to many regional banks failing, a wave of new banking regulations has gone into effect, severely limiting access to capital. This trend of decreased small business lending has lasted since 2008 and industry studies find loans to small sized businesses will be scarce well into the foreseeable future.
"Roughly half the small businesses that apply for credit are turned down, according to a report released Monday. The study was conducted by the Federal Reserve Bank of New York during June and July of 426 small-business owners. It found 59 percent of small businesses wanted credit, and half of those were denied. In addition to the small businesses that got none of what they sought, about 75 percent of those surveyed said they received 'some' or 'none' of the credit they wanted. The New York Fed also reported that more than two-thirds of the businesses that were surveyed saw their revenues decline. In the report, a small business was defined as privately owned, with 500 or fewer employees and less than $25 million in revenue," a Market Watch article reports.
Companies needing to know how to choose a bad credit business lender ought to look at qualification guidelines. Alternative lender Business Cash Advance Guru.Com does not require a credit check, collateral or signing a personal guarantee. Rates are competitive, starting at only 1.9 percent, and installment payments are flexible, based on a percentage rather than a fixed dollar amount. The lender has a 98 percent approval rate, approves applications within just 24 hours, and funds may be used for any purpose.
“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.”
Business Cash Advance Guru.Com.com expanded nationwide alternative lending 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.