Nationwide (PRWEB) July 24, 2014
For small businesses needing working capital, there's now a low rate merchant cash advance available without hassle. This fast retail business cash advance loan comes with a low cost and flexible repayment terms. It's an unsecured business loan and is the best poor credit merchant cash advance available on the market today.
Big banks are not lending working capital to small businesses, according to several recent news reports. The reason given is the wave of new federal lending and banking regulations stymieing the commercial loan market. Traditional lending institutions are in a precarious situation. Banks saddled with huge loan default losses, the result of the Great Recession. During the years 2008 through 2010 and even today, the trend of mortgage, auto loan, credit card, and small business loans defaults put banks hundreds of millions of dollars in the red.
Pressured by congressional members to make risky loans to prop-up the economy from 2004 through 2007, banks complied, only to take the devastating financial hit. The introduction of new legislation sought to curtail future risk, but only after the damage was inflicted.
Small businesses are adversely impacted by such events, having to provide years worth of financial documentation and tax returns, along with substantial collateral. Nearly perfect personal and company credit no longer guarantees commercial funding approval. Qualification standards are now out of reach for the majority of small businesses. Business loan application denial rates are near historic highs though banks continue to hoard billions of dollars in their reserves to weather federally mandated stress tests.
Alternative lenders are now stepping up to fill the commercial financing void, offering great and affordable loan products without a credit file review. This low cost, flexible repayment loan options are available by applying online. There are no application fees or hidden costs associated with these products. Companies can apply for and receive between $5,000 and $500,000 and be approved in just 24 hours. Funds are directly deposited in three to five business days and may be used for any purpose.
Current approval rates stand at 98 percent and monthly payments are based on a percentage of the loan amount rather than a fixed sum.
BusinessCashAdvanceGuru.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.
About Business Cash Advance Guru
http://www.BusinessCashAdvanceGuru.com is a division authorized by TieTechnology, LLC. Business Cash Advance Guru’s merchant cash advance division specializes in helping small business owners realize their dreams. That’s why we created our merchant cash advance program in 2003, and continue to be a merchant cash advance leader in the industry, offering the most flexible payment options and the lowest interest rates and in the business.
About TieTechnology, LLC
http://www.tietechnology.com specializes in small business service based solutions for businesses. Services provided by TieTechnology LLC, include: merchant credit card processing, business service telecommunications, and web based visibility marketing. The advantages of doing business with TieTechnology is their commitment to customer service excellence and their 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 and their specialized divisions, see the following links and descriptions.
fast retail business cash advance