(PRWEB) February 09, 2014
Small business owners are often surprised of the new requirements to obtain commercial financing. Banks are still turning down applications in record numbers, that's why CashFundsFast.Com offers an excellent credit cash advance.
Even with near perfect credit, big banks require substantial collateral and a personal guarantee. What's more, small business loan rates are typically high and that is why this alternative lender is making fast up front merchant cash advance options available.
“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," Entrepreneur.com reports.
Lending guidelines have become increasingly strict in the wake of the Great Recession. Dozens of new federal banking regulations have gone into effect. Combined with those new laws is the fact banks are still trying to shake off the negative impact of the national economic downturn, reeling from defaulted small business loans, mortgages, home equity loans, auto loans, and other secured and unsecured loans.
The void in small business lending is being filled by alternative lenders who are interested in a company's current business rather than its past performance. These cash advance options do not require a credit check, collateral, and are based on monthly credit card receipts. Applying is simple, and approvals are given in just 24 hours.
“CashFundsFast.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.”
Companies can qualify for $5,000 to $500,000, and funds are made available via direct deposit in a week. Rates start at 1.9 percent and funds may be used for any purpose, such as opportunistic buys. Payments are based on a percentage of the loan, not a fixed sum, automatically reducing during slow sales months. This lender's approval rate is 98 percent, and there are certain tax advantages to these commercial financial products.
CashFundsFast.Com 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.CashFundsFast.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.