Nationwide (PRWEB) February 20, 2013
Business owners seeking capital to expand and increase inventory levels, or who just need a little cash infusion can now qualify for a variety of loans, even with less than perfect credit.
We understand the economy has taken a substantial downturn and is now only modestly recovering. The levels to which consumer discretionary spending dipped took a toll on small businesses. We also know that some companies--even with good, demonstrable revenue streams--have been turned down by traditional lenders because those institutions refuse to take any chances whatsoever,” a company spokesperson noted, remarking on the need for these bad credit business loan alternatives.
Business Cash Advance Guru states that poor credit business loan products are now accessible to all types of business industries. A company can easily access funds based, not on their personal or corporate credit, but on their future credit card receivables and banking deposits. Their varied poor credit business loan products have very competitive rates and the payment terms are extraordinarily flexible. Each poor credit business loan product takes only 24 hours to be approved, and funds are generally available within 5 days.
The cash advance division’s spokesperson points out that small business owners are in quite a predicament. They are being told “no” by banks and other lenders, regardless of their company’s financial state. Though big banks have billions in reserves, they’re keeping those monies sidelined.
The spokesperson for the division also stated, “Bottom line is big banks aren’t lending. Even if, a business owner has good credit and/or their corporate credit history is impeccable, it’s usually not enough. Those institutions request a personal guarantee and substantial collateral. Moreover, businesses have to wait weeks to hear if their loan is approved and weeks more to get the funds.”
Introducing these flexible, easy qualification poor credit business loan products puts more money into local economies. The lender notes that when businesses have access to the capital, they tend to hire needed staff, expand their operations and contribute to the good of the community.
“Just search anything like ‘business - small business loans‘, on the internet, and you’ll see the process is lengthy, and qualifiers are rigorous. We’re changing that.”
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