Business Cash Advance Guru offers new working capital with bad credit loan options.
Nationwide (PRWEB) November 20, 2013
There's a source now for affordable working capital with poor credit, courtesy of alternative lender, BusinessCashAdvanceGuru.Com. Companies across several industries can obtain poor credit business working capital without a credit check, and without collateral.
Small business lending is scarce since the Great Recession took hold over the national economy in 2008. Since that time, companies seek working capital, expansion financing, and commercial funding for many reasons have found traditional lenders impose stricter standards, putting many loan options out of reach.
“In its second-quarter report, the Federal Deposit Insurance Corp. Said that earnings on the commercial banks and savings institutions it insured rose nearly 23 percent from a year earlier to $42.2 billion. It also noted that asset quality is improving. The average return on assets, a yardstick of profitability, rose to 1.17 percent from .99 percent a year ago. The figure represents the industry's highest quarterly ROA since the 1.22 percent in second-quarter 2007,” reports CNBC News.
Continued review of the latest figures has experts predicting small business lending will continue to be difficult to get for the majority of companies. New federal regulations are pushing large banks and credit unions into revising their lending criteria. Only a fraction of companies can meet the qualification standards. Alternative lenders are filling the void, making available, affordable funding options without collateral or credit history review.
“BusinessCashAdvanceGuru.Com makes obtaining financing approval as fast and as simple as completing a credit card application. The goal of providing access to business grade capital swiftly and easily to small businesses across the country is realized through the alternative lender's release of its proprietary commercial funding system.”
Traditional banks are holding hundreds of millions of dollars back in their collective reserves, yet, are requiring small business loan applicants not only to pass a thorough credit evaluation, but to commit collateral equal or nearly equal to the loan amount.
In addition, companies must furnish the bank with certified financial statements, at least five years of tax returns, as well as profit and loss projections going out five years or more. Full disclosure of all company and personal assets and liabilities are required by traditional lenders.
BusinessCashAdvanceGuru.Com offers affordable commercial funding options, with rates starting at 1.9 percent. Approvals are generally given within 24 hours, and funds are directly deposited in only a week. Said funds can be used for any purpose, and payments are based on a percentage, costing less during lean months.
http://www.BusinessCashAdvanceGuru.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.