Nationwide (PRWEB) December 31, 2013
Entrepreneurs and business owners can now access new franchise loans, including capital resources for the restaurant business loans and business commercial loans, thanks to the alternative lender, Business Cash Advance Guru.Com.
Over the past several years, small business lending has been scarce, even for companies with strong credit. New federal regulations have been enacted, and banks require more than just good credit. Now, traditional lenders want collateral and a personal guarantee, along with a whole host of certified financial documents.
"Why do banks say no to small business loans? It is extremely difficult to get a loan from a commercial bank for business startup. New businesses lack two of the four C's of Credit (collateral, capital, capacity, character) that bankers want Collateral - Cash to contribute to the business, and Capacity - A track record to show that the business has the capacity to generate enough money to pay back the loan. Banks are pretty creative when it comes to reasons for saying no to a startup loan. Banks often deny startup loan requests because the personal credit of the borrower has problems," explains Jean Murray, an MBA and a PhD in entrepreneurship on About.com.
Small companies can find commercial level funding with alternative lender BusinessCashAdvanceGuru.Com, a leading provider of capital funding that does not require a credit file review. This lender makes the process easy with a simple online application and approvals are given in just 24 hours. The lender has a 98 percent approval rate and makes funds available within a week.
“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.”
Payments are based on a percentage and funds are available for several types of businesses including, but not limited to: franchises, retailers, auto repair services, food services, business to business, consumer services, bars, convenience stores, and grocery stores.
Rates are competitive, starting at only 1.9 percent and businesses can qualify for $5,000 and $500,000 and funds may be used for any purpose. Businesses can qualify based on monthly credit card sales and do not have to put up collateral to obtain a commercial loan.
Business Cash Advance Guru.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.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.