Nationwide (PRWEB) September 10, 2013
Companies medium and small can now find an affordable business commercial loan option through alternative lender, Business Cash Advance Guru. The news is welcomed by the small business community, particularly those companies which seek a poor credit business loan as an alternative to traditional banks.
In the past several years, business commercial loan financing is difficult to obtain, nearly regardless of an applicant company’s credit history or its revenue streams. Alternative bank loan products have become far more popular as a result, especially among businesses looking for operating capital and funds to replace equipment.
“Chasing a Small Business Administration loan these days is a little like going to a carnival and expecting to win one of those giant stuffed animals. It might happen, but the odds are probably against you. As Christine Reilly, the president of small business lending for CIT, points out, about a year ago, the federal government tinkered with the formula for getting an SBA loan, and for a brief shining time, even during the Great Recession, SBA loans were semi-easy to come by,” reports AOL Small Business.
Companies medium and small in size increasingly seek bad credit business loan financing as traditional debt instruments shrink from the lending sector of the national economy.
“While many may want to expand their business ventures, the reality is that capital remains difficult to secure for the majority of small business owners. More than half (54 percent) of those surveyed were denied business loans from banks in the past six months. At the same time, 61 percent of banks surveyed say that tighter government regulations are causing them to deny loans that they traditionally would have approved,” according to Winmark Business Solutions.
Looking for operating capital and funds to replace equipment is now a full time pursuit for many business owners as conventional channels is losing favor to alternative bank loan institutions in the market of competitive commerce. Companies are experiencing one of the longest business commercial loan droughts in the history of the country, while in the midst of looking for operating capital and funds to replace equipment.
Alternative bank loan companies, like Business Cash Advance Guru, state that obtaining a line of credit or even a bad credit business loan is now only feasible through unconventional sources. “So many companies have incurred a financial hit during the Great Recession and are only now seeing signs of recovery. However, a key part of that revival is the business commercial loan sector. Unfortunately, that exact financing industry is doing little to support businesses looking for operating capital and funds to replace equipment. What makes matters worse is, practically none of those institutions offer poor credit business loan options,” a company spokesperson explained.
Small businesses need alternative bank loan vendors to fill the sizeable void left by the big banks. Financing a business commercial loan successfully through a corporate bank is now the exception to the rule. Credit history blemishes often hit hard, causing companies to turn to bad credit business loan products as a means to expand to meet new demand, hire on more staff, or to push back against the stagnant economic backdrop. Entrepreneurs are likewise discovering the quickest way to fund a startup is through alternative lenders and not the large banks.
Common alternative lending services that Business Cash Advance Guru.com now offers include:
More services are available, in addition to the above list, through the website at: http://www.businesscashadvanceguru.com.
Business Cash Advance Guru 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.
Business Cash Advance Guru, 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