Announcing an Easy to Qualify, Small Business Loan Resource for Independent Retailers Which Doesn’t Require Collateral, Courtesy of Business Cash Advance Guru
Nationwide (PRWEB) December 24, 2013
Introducing a small business loan resource, that gets money to companies outside retail chains without requiring a credit record report or a collateral commitment from the applicant, Business Cash Advance Guru.
Companies can access fast loans for small businesses at competitive rates, starting at only 1.9 percent without having to disclose their assets and liabilities or provide financial documentation in order to qualify. Big banks are not lending to small companies, curtailing their capital funding enormously since the onset of the Great Recession.
"Banks still aren't lending to small businesses as they did before the financial crisis. In a recent survey, the Federal Reserve Bank of New York discovered one potential explanation: Small-business owners are so discouraged that they've all but given up their search for bank loans. According to a New York Fed poll, 59 percent of small businesses in the New York metro area did not apply for financing in the past year. Of these, nearly 50 percent did not apply because they did not think they would get approved. Overall, 58 percent of respondents said they were discouraged, and 48 percent of those owners cited access to capital as their largest growth barrier," Inc.com reports.
A wave of new federal banking regulations has gripped an industry reeling from hundreds of millions of dollars in defaulted mortgages and small business loans. To get small business loans fast, companies are turning to alternative lenders to get the funding necessary to compete, or make opportunistic buys.
“Business Cash Advance Guru makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to quickly and easily to small businesses across the country are realized through the alternative lender's release of it's proprietary commercial funding system.”
Independent retailers can find the funds they need by filling out a simple online form. There are no credit requirements or collateral needed to qualify. Payments are based on a percentage of the loan rather than a fixed amount, making installments flexible during slow sales months.
The company's approval rate is 98 percent, and approvals are given in 24 hours, with funds directly deposited in a week. Funds can be used for any purpose and businesses can qualify for $5,000 and $500,000.
Business Cash Advance Guru.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.
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, 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.