Nationwide (PRWEB) October 15, 2013
Small business capital funding remains a challenge for the majority of companies across the nation. BusinessCashAdvanceGuru.com now can provide more access to financing options for their clients with their new bank loan alternative programs.
While there has been a slight increase in small business lending; the large corporate banks aren't participating, "Some lenders increased their loans to small businesses, namely those with $500 million to $999.9 million and $1 billion to $9.9 billion in assets. On the flip side, large banks with $50 billion or more of assets decreased their small business lending after remaining relatively flat with only negligible increases for the past few quarters," reports Entrepreneur.com, on November 12, 2012. .
Franchise loans are hard to secure, as well as other debt instruments small businesses need to move their companies forward. Business Cash Advance Guru, a leading alternative lender, specializes in bank loan alternative options, as well as poor credit business loans.
The need for an affordable bank loan alternative is reaching new heights as the giant banks hold back hundreds of millions in their reserves, "Since 2008, the value of loans outstanding has been steadily declining quarter to quarter, according to the SBA whose reports are based on Call Report data from the Federal Deposit Insurance Corporation. The rate of decline has started to taper off, but the growth in new loans continues to be a sticking point," Entrepreneur.com explains.
Unlike a traditional banking institution, alternative lenders like Business Cash Advance Guru do not require applicants to undergo a credit history screening. Large corporate banks have strict guidelines, which many small businesses are unable to meet. Typically, businesses must turn over certified financial documents, submit profit and loss projections, disclose previous tax returns, offer collateral, and sign a personal guarantee.
With an alternative lender, rates are affordable, and payments are based on a percentage, not a fixed amount. Funds may be used for any purpose and businesses can apply through a simple online form. Approval rates are 98 percent, and funds are directly deposited within a week. Loan qualification is based only on credit card receivables and future bank deposits.
“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.”
The alternative bank loan company's 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, 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.