Nationwide (PRWEB) January 10, 2014
Many types of medical service business loans as well as business commercial loans have been difficult to access in the past several years, largely because of the aftereffects of the national economic downturn.
CashFundsFast.Com is one affordable, reliable merchant credit business lender, out to change the dynamic. It's making capital funding available without collateral commitment or a personal guarantee.
Small business lending has been stagnate for years, though banks are holding hundreds of millions of dollars in their reserves, "At big banks — those with $10 billion+ in assets — small-business loan approvals dropped by 20% to 14.3% in October 2013. Small banks also approved fewer loans. Approval rates at small banks dropped from 50.1% in September to 44.3%. That is the lowest figure that Biz2Credit’s Index has recorded for small banks since August 2011. Even credit unions, which had been on the lending rebound prior to the government shutdown, experienced a 4% decrease in approval rates in October, dropping to 43.4%," reports Small Business Trends.
In the wake of the Great Recession, the federal government imposed new banking regulations on the industry, because lenders had suffered millions of dollars in commercial loan defaults. Small business owners must provide substantial financial documentation, and have a near perfect personal and company credit file in order to qualify. Alternative lenders, such as CashFundsFast.Com, bases it’s lending on a company's credit card receivables and future bank deposits, not credit history.
“CashFundsFast.Com makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to working capital quickly and easily to small businesses across the country is realized through the alternative lender's release of its proprietary commercial funding system.”
Funds provided by this health and medical services lender are directly deposited into the applicant business' account and funds may be used for any purpose. Approvals are given within 24 hours, and payments are based on a percentage, not a fixed amount.
This alternative lender provides capital funding for physicians and dental practices, as well as medical laboratory services and has a 98 percent approval rate. Businesses can access and complete a simple and free application right over the internet at any time and qualify for and receive between $5,000 and $500,000.
Common bad credit business loan services that Cash Funds Fast now offers, through their nationwide expansion include:
More services are available in addition to the above list through the website at: http://www.CashFundsFast.com.
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.