CashCall Inc. Grows Small Business Loan Product 700 Percent In Year, Expands Reach

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Entrepreneurs in Six States to Benefit From Newly Expanded Program

"Our Entrepreneur Loan product provides an additional dimension to the current customer base. We help new business grow and build their credit, and provide manageable monthly payments without a prepayment penalty."

CashCall Inc., a premier consumer finance lender, has expanded its small business “Entrepreneur Loan” program to extend to Illinois, Ohio, Virginia, South Carolina and North Carolina, due to overwhelming response. The program, which is designed to provide micro business loans to small companies and sole proprietorships, had previously only been available in California.

Started in 2012, CashCall Inc.’s business loan program for entrepreneurs, called the “Entrepreneur Loan” program, launched in California, and is expanding to five other states due to popular demand. “The program grew so quickly over a 12-month period that we wanted to give entrepreneurs in other states the same opportunities that those in California had,” said Managing Director Min Choi.

The Entrepreneur Loan product offers small business loans starting at $3,500 up to $30,000 in most covered states, which can be repaid via monthly fixed payments with terms of up to 10 years. Most loans also feature as soon as same-day or next-day funding.

“CashCall is an industry leader in mortgage and consumer finance lending, and our Entrepreneur Loan product provides an additional dimension to the current customer base,” said CashCall, Inc. President J. Paul Reddam. “We help new business grow and build their credit, and provide manageable monthly payments without a prepayment penalty.”

“As the name says it all, this business loan program is designed for all kinds of entrepreneurs and their businesses. This product is unique because it offers a lower monthly payment over a much longer duration than alternative lenders of up to 10 years. We report transactions to both the business and personal credit bureaus, allowing businesses and their owners to build their credit worthiness by paying on time,” said Choi.

“The whole process is very simple, fast and innovative. Business owners can apply via phone or over the internet at http://www.cashcallbusiness.com, and the applicant quickly learns the highest amount qualified. Many applicants receive final funding approvals in just a few hours,” Choi added.

Choi noted that many businesses will qualify. “A business can qualify if they’ve been around for two months, in any industry. Where else can a sole proprietor with less than $10,000 in gross monthly revenue receive a 10-year small business loan of $30,000 or more in as soon as the same or the next day? We are the solution for the 10 million micro business owners in the United States,” Choi said.

The expanded reach of this new product adds to CashCall’s already large list of products including mortgage loans, consumer loans and loan servicing.

For more information on CashCall, Inc.’s Entrepreneur Loans, go to http://www.cashcallbusiness.com or call 949-752-4638.

For more information on CashCall, Inc., go to http://www.cashcall.com or call 866-708-5626.

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About CashCall Inc.:

Founded in 2003, CashCall, Inc. is one of the nation's premier lenders. Headquartered in Anaheim, California, the company employs top industry lending professionals, each dedicated to providing exceptional customer service. CashCall simplifies the loan process with innovative technologies to make the process faster, smarter and hassle-free.

CashCall Personal Loans and CashCall Mortgage Loans are divisions of CashCall, Inc., each offering a variety of services depending on the applicant's credit score and needs.

CashCall Mortgage specializes in low interest mortgage loans and home refinancing for borrowers with good to excellent credit. CashCall Mortgage streamlines the application and lending process, reducing their own costs and passing these savings on to customers by undercutting larger banks and lenders with lower interest rates, no application fees, deposits or points.

CashCall Personal Loans offers unsecured term loans to qualified borrowers who typically use the loans for one-time purchases and debt consolidation. These loans of up to $25,000 are processed entirely over the internet, phone and fax. Funds are wired into the borrower's checking account typically within 24 hours. Cash Call Personal Loans have the potential to help customers rebuild their credit score as well, by making payments on time.

Contact: Alan Dicker

CashCall, Inc. 949-313-9363

alan.dicker(at)cashcall(dot)com

RELATED LINKS http://www.cashcallbusiness.com, http://www.cashcall.com and http://www.cashcallmortgage.com

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Alan Dicker
CashCall Inc.
+1 (949) 313-9363
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CashCall, Inc.
since: 03/2011
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