This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Small Business Loans Show Slight Gains Thanks To Lenders Like Advantage Capital Business Loans

LOS ANGELES, April 11, 2013 /PRNewswire/ -- After years of recession, the number of business owners being approved for a small business loan is finally beginning to increase. The recent signs of recovery in the lending market suggest the efforts of lenders like Advantage Capital Business Loans are finally beginning to make an impact on a harsh lending environment that has left many business owners unable to secure necessary loans. The Associated Press recently reported that at the end of the fourth quarter of 2012, the total amount of outstanding small business loans came to $586 billion, up from $584 billion in the third quarter. The gain is the first since the FDIC began tracking loans on a quarterly basis at the start of 2010.

Advantage Capital Business Loans was created to serve the needs of small and medium sized businesses. With many of its founders hailing from a small business background, the firm was designed to create simple business loans with a high approval rate that favors small and medium size businesses. Thus, it's no surprise the ACBL model is making a difference for business owners.

There is still a long way to go in terms of creating a more conducive lending market for small business owners. A recently released survey from Thomson Reuters and Paynet showed that small businesses grew more reluctant to take out loans to buy equipment or expand in February, continuing a weak trend in lending that the companies had documented throughout 2012 and early 2013. "Small businesses have been reluctant to borrow since the recession because they've wanted to lower their debt burden," says the Associated Press.

To the founders of ACBL, the disconnect appears clear – too many traditional lenders and big banks utilize impersonal application methods that force every small business into a few broad categories. This technique always favors the lender and major corporations, while leaving most small businesses to slip between the cracks, unable to receive necessary funding.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs