New Business Capital Loans Now Available to Small Companies, Courtesy of CashFundsFast.Com
Nationwide (PRWEB) November 27, 2013
Payments are flexible, and borrowers do not have to pledge collateral. Funding can be delivered within a week, and funds can be used for any purpose.
Now, there is a source for affordable, fast approval, business capital loans, courtesy of alternative lender, CashFundsFast.Com. The company specializes in small business commercial loans and provides low cost alternative bank loans.
Small business lending has been hard to come by because lenders have stricter qualification guidelines and see little profit from such loans, "... Increased scrutiny has caused banks to boost their lending standards, thus lowering the fraction of creditworthy borrowers. Bank consolidation has reduced the number of banks focused on the small-business sector, and small-business lending has become relatively less profitable than other types of lending, reducing bankers’ interest in the small-business credit market," the New York Times explains.
In the wake of the national economic downturn, some credit unions began to increase access to small business capital, however this has dwindled, allowing alternative lenders leveraging technology to step in and fill the void. In order to stay competitive, alternative bank lenders increased access to business capital loans for opportunistic buys, expansion of inventory or investing in materials.
“CashFundsFast.Com makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to business capital quickly and easily to small businesses across the country is realized through the alternative lender's release of its proprietary commercial funding system.”
Commercial capital made available through CashFundsFast.Com boasts affordable rates and flexible payments. Applicant businesses with poor, little or no credit can qualify to receive between $5,000 and $500,000.
Big corporate banks, currently holding hundreds of billions of dollars in their reserves, require applicants to provide years of tax returns, certified financial statements, and five year profit projections. In many cases, the owner must sign a personal guarantee and pledge substantial collateral to be considered for a loan. In addition, businesses must disclose all assets and liabilities in order to qualify for a traditional bank loan.
CashFundsFast.Com has a 98 percent approval rate, and applicants are notified of approval generally within 24 hours. Funds are made available typically within a week, and deposited directly into the applicant business' checking account. Funds may be used for any purpose, and payments are based on a percentage of future sales. This allows payment installments to be adjusted downward during slow months. There are tax benefits to these loans and businesses are approved based on future credit card receipts and future bank deposits.
CashFundsFast.com is 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, business cash advances on credit card processing platforms and web based visibility marketing. The advantages of doing business with TieTechnology is 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.