Madison, WI (PRWEB) May 08, 2013
With today’s economic conditions it’s harder and harder for business owners to find a sensible loan. Many lenders have shut off lines of credit with little or no explanation. “Besides a bank loan, usually the only other option for a small business owner is to borrow from a family member or get a merchant cash advance,” says Keith LaMere, Owner of ACA Funding. “Sometimes those loan products can be as much as 45 to 65 basis points. Too often, that translates to twice the cost of a standard SBA loan.”
Finally there’s an answer to these unreasonable loans. For the first time in the history of the industry ACA Funding has obtained permission to set their own rates for small business loans. “Most of the time we can be very competitive with the bank’s loan products,” added LaMere. “Because despite what banks tell consumers the truth is, there’s money available for any loan that makes sense.” With that in mind ACA Funding has devoted their focus to compile a network of private lenders who provide reasonable loans for most any small business owner.
The company’s success was never more obvious than when a local restaurateur came to ACA Funding for a loan. The restauranteur was referred to ACA by their commercial banker at a national bank who was unwilling to help him despite the business owner’s great credit, perfect history of paying bills, and solid track record of sales. “It was our privilege to get him the loan he needed at a price that was lower than the bank could offer.”