Why More Small Business Owners Are Being Approved For Loans

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It's Easier to Get Small Business Loans, But
Who's Doing The Lending?
Source EZ Merchant Capital, LLC Dated Jan. 26,
2014
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Small business owners say they are finding it
much easier to get business loans, now that the
economy is recovery. But where are they getting
the funding?
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According to a recent article in USA Today, only
4 of small business owners say their credit
needs weren't met over the past month, and the
article suggests that banks are becoming a
lot more relaxed in their underwriting, and
consequently, approving more applications. Does
this mean it is now easy to get a bank loan?
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NOT SO FAST!!
Using the numbers shown in the article, the
portion of small business loans approved by banks
"increased" to 17.6 in December of 2013. This
statistic, combined with the 4 of small business
owners who say they aren't getting the credit
they need, doesn't exactly add up, does it? So
the question is, where are these small business
owners acquiring capital? The answer.
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ALTERNATIVE LENDING SOURCES!
The alternative lending/merchant cash advance
industry enjoyed a record year in 2013, and every
indication suggests that this trend will only
continue to grow in 2014. After all, 82 of small
business owners STILL, even in these improving
economic times, get turned down for financing
from traditional banks. The industry is now
evolving to the point where, in some cases, in
addition to making the loan process much easier
to borrowers than the banks, programs are now
becoming available that are providing payback
rates comparable to those of the banks.
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The scariest part of this is that there are many
business owners out there who are not even aware
that these programs exist. They go into their
local banks, expecting the very institutions they
entrust with all of their money to help them in a
time of need, only to be quickly turned down.
That is what disturbs me the most. The bank is
basically telling them to "trust us with your
money, but we wont trust you with ours"! For this
reason, I have made it a personal mission of mine
to seek out these businesses and not only help
them get the capital they need to grow their
businesses, but to provide marketing tools and
insights to ensure their business prospers for
many years to come.
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Small businesses are slowly recovering from our
"Great Recession", and a large reason for that is
that they are able to receive capital from
alternative lenders that were not available just
a few short years ago, and we will continue to
serve small businesses for as long as they need
us, and from the looks of things, that will be
for quite a while!.
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To learn more about our programs, or to apply
today, visit us at http//www.ezmerchantcapital.c
omto download our one page application. To speak
with someone by phone, call us at 888-543-5530.
At EZ Merchant Capital, your business is our
business!
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Email.Click to contact author Phone888
-543-5530 City/Town..Philadelphia State/Provinc
ePennsylvania CountryUnited
States Industry..Business, Loans Tagsbu
siness capital, entrepreneurs, loans, retail
loans Link.http//prlog.org/12273499
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