New and Improved Resource for Obtaining an Affordable Poor Credit Business Loans Fast
Nationwide (PRWEB) November 22, 2013
Introducing a new resource to get poor credit business loans fast, courtesy of this alternative lender, this competitive rate, flexible payment, bad credit business loans are helping companies across the country make opportunistic buys, expand, and much more.
In the wake of the national economic meltdown, banks have tightened lending standards significantly, making commercial capital difficult to obtain for many businesses.
“...increased regulatory scrutiny has caused banks to boost lending standards, and lower the fraction of creditworthy borrowers. Finally, shifts in the banking industry have had an impact. Bank consolidation has reduced the number of banks focused on the small business sector, and small business lending has become relatively less profitable than other types of lending, reducing bankers’ interest in the small business credit market. Because none of these factors is the sole cause of the decline in small business credit, any proposed intervention needs to take into account the multiple factors affecting small business credit,” reports the Federal Reserve Bank of Cleveland.
Small companies wondering how to choose a bad credit business lender have found little resources for commercial capital. However, alternative lender CashFundsFast.Com is making business funding easy to obtain at a remarkably reasonable price. Interest rates start below 2 percent and businesses can qualify to receive between $5,000 and $500,000 in as little as a week.
“CashFundsFast.Com, makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to business capital swiftly and easily to small businesses across the country is realized through the alternative lender's release of its proprietary commercial funding system.”
Funds are directly deposited into the applicant business' checking account, and Cash Funds Fast. Com has an approval rate of 98 percent. Approvals are generally given within 24 hours, and not based on commercial credit history review.
Traditional lenders still require an extensive credit check, as well as years of tax returns, and certified financial statements. Applicants are often required to provide complete commercial and personal assets and liabilities, as well as pledge collateral.
Cash Funds Fast .Com, allows funds to be used for any purpose, and payment installments are a percentage, not a fixed sum, reducing payment installments during slow months. Approvals are based on a business' monthly credit card receipts and future bank deposits, making these loans highly accessible.
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.