BusinessCashAdvanceGuru.Com is the Leading Source of Small Business Funding, with Very Affordable Rates and Low Cost Structures
Nationwide (PRWEB) November 15, 2013
The latest merchant cash advance comparisons demonstrate that small business lending is still scarce, though alternative lenders like BusinessCashAdvanceGuru.Com are providing affordable business loan rates with financing options which do not require a credit history review.
In an independent business loan provider review, analysis of the most current data shows small business financing options are very limited as the big banks continue to hold back on capital financing, "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. Since 2008, the value of loans outstanding has been steadily declining quarter to quarter, according to the SBA whose reports are based on Call Report data from the Federal Deposit Insurance Corporation. The rate of decline has tapered off, but the growth in new loans continues to be a sticky point,” reports Entrepreneur.
The landscape of commercial lending for small sized companies remains bleak, though alternative lenders like BusinessCashAdvanceGuru.Com are approving low cost, flexible term financing ranging from $5,000 to $500,000.
“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.”
In addition, these small business loan products are very competitive. Interest rates start at only 1.9 percent, and unlike traditional banks, there is no collateral required for funding approval. Applicant businesses generally receive approval within 24 hours, and Business Cash Advance Guru.Com boasts a 98 percent approval rate for all of its applications.
Traditional banks are hoarding hundreds of billions of dollars in their reserves, while tightening lending standards in response to new federal regulations. Applicants must pass a thorough credit check, provide certified financial documents and tax records, as well as disclose all company assets and liabilities.
The company makes capital funding available based on average monthly credit card sales, and funds may be used for any purpose. Payments are based on a percentage; meaning installments automatically decrease during slow months. Funds are directly deposited and typically available in a week.
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.
BusinessCashAdvanceGuru.Com, 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.