Directs business line of credit applications trends upward
Houston, Texas (PRWEB) April 02, 2013
Calvin D. Blake, of Houston’s Direct Commercial Funding Inc., says that the ongoing economic recovery has included a greater use of business line of credit financing than in recent business quarters.
“We’ve seen a resurgence of interest by borrowers who want to maximize their borrowing power based on current receivables, inventory and other potential assets which can actually be margined for temporarily liquidity. —pointing not only to a strengthening economy but also to increasing confidence in the economic recovery now under way,” says Blake.
Business line of credit financing, is based on a number of criteria related to the revenue history and current financial condition of subject business. We want to see strong financial stability, strong cash flow, and a profitable outlook are key factors, notes Blake.
Industry sources note that business line of credit financing has continued its growth through the first quarter of 2013. According to figures compiled by Blake’s firm, requests for such financing have increased by approximately ten to fifteen percent each month over the last three business quarters.
He believes this trend will continue as the domestic economy continues to strive.
About Direct Commercial Funding Inc.
Direct Commercial Funding Inc. is a private commercial lender delivering customized solutions and a full menu of loan and financing programs. Based in Houston, it serves commercial business owners, developers, investors and commercial real estate professionals throughout North America and the world.
Its clientele include investors and owners seeking to purchase, build, or refinance apartment buildings, multi-million dollar apartment complexes, luxury apartment or townhouse communities, or smaller apartment dwellings such as single-building apartments containing only four or five living units.
More information on Direct Commercial Funding Inc. and its products and services can be obtained by visiting DirectCommercialFunding.com or calling (877) 239-7933.