Business Cash Advance Guru.com Launches an Expansion Nationwide with Fast Merchant Cash Advance and Poor Credit Merchant Loan Options; and Now is Offering Peer Level Reviews of Merchant Loan Rates
Nationwide States (PRWEB) July 09, 2013 -- During this same period, merchant cash advance loans have increased in volume, pointing to the fact that small companies are not securing funds from traditional banks.
In fact, “The U.S. Small Business Administration says the dollar volume of small business loans dropped 15 percent from 2008 to 2012. As credit has become harder to get, entrepreneurs have been less able to launch new companies,” reports the San Antonio News.
However, more review of the overall lending figures show an upward trend in poor credit merchant loans, as well as unsecured merchant loans, and even other nontraditional debt instruments, such as higher activity in lending products like merchant cash advance funding.
Credit unions were in part, shouldering some of the increased lending to small businesses, but they too, like the large corporate banks, have approved less small business loans, “During the Great Recession, banks battered by the financial crisis lent less to small businesses. Credit unions picked up some of the slack...credit union approval rates have fallen each month over the past year, according to the index, declining to 45 percent last month, from 57 percent in May 2012,” reports Bloomberg Business week.
Independent reviews of merchant loan rates likewise show that over the last several years, beginning in earnest in late 2008, large banks curtailed small business loan approvals, which is to the detriment of the overall economy. As a result, smaller sized companies are turning to alternative sources, such as poor credit merchant loans, having suffered the brunt of the economic downturn, causing them to take hits on their credit files.
Business Cash Advance Guru (Businesscashadvanceguru.com), a leading source of alternative business lending, states that its periodic reviews of merchant loan rates demonstrates the disparity between low interest and low small business loan approvals. In fact, the company has seen a marked improvement in its own bad credit merchant loans program.
Furthermore, the industry comprised of nontraditional lenders has come to the same conclusion after their separate reviews of merchant loan rates. The fact is small businesses are getting funds for their needs, be it to increase inventory levels, purchase equipment, buy more materials, expand into different geographic markets, hire more employees, or explore new avenues of revenue.
Without funding resources, small businesses have less independence and less ability to grow, “Researchers at the University of Texas at Austin, New York University and the University of California Los Angeles studied five years of start-up loan applications at Action Texas. Their conclusion: ‘Startups receiving funding are dramatically more likely to survive, enjoy higher revenues and create more jobs,’” according to the San Antonio News.
Downward pressure on the economy has especially affected the small business community. However, alternative lenders appear to be their saving grace. With more opportunity to acquire funds in a short period of time and not only survive, but also forge ahead, and even prosper.
Common alternative funding services (http://www.businesscashadvanceguru.com) now offers, through their nationwide expansion:
• Restaurant Funding
• Business Cash Funds Fast
• Merchant Loans
• Unsecured Business Loans
• Merchant Cash Advance
• Small Business Loans
• Small Business Loans and Funding
• Business Loans and Business Funding
• Business Loans
• Unsecured Business Loans
• Business Line of Credit
• Hard Money Business Lending
• Merchant Cash Advance Lending
• Business Loan Alternative
• Bad Credit Small Business Loan
• Equipment Leasing and Financing
• Small Business Investors
• Unsecured Small Business Loans
• Unsecured Merchant Advance
• Business Cash Flow Funding
• Franchise Funding
• Physician Funding
• Medical Funding
• Media Funding
• Retail Funding
• Restaurant Loans
• Poor Credit Business Loans
• Business Working Capital
More services are available in addition to the above list through the website at: http://www.BusinessCashAdvanceGuru.com
The expanded services are also available to the following statewide 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.
In a statement released today the company stated that it was necessary to undertake major expansion strategies of its small business lending and bad credit business loans in a bid to ward off any strong competition from other lending service providers in the business financing industry. The ongoing expansions will also serve as a great advantage to the small business lending sector which is bound to grow with the companies funding capability.
About TieTechnology Business Solutions
http://www.businesscashadvanceguru.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, 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 or http://www.businesscashadvanceguru.com.
TieTechnology, LLC
4532 W. Kennedy Blvd, Suite 182
Tampa, FL 33609
813-856-0223 x150
888-809-9243 x150
Valerie Whitt, TieTechnology, LLC., http://www.businesscashadvanceguru.com, (888) 809-9243 150, [email protected]
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