Advantage Capital Business Loans Promotes Ethical Lending

LOS ANGELES, Oct. 13, 2014 /PRNewswire/ -- Although the US economy has been growing at an increasingly rapid rate throughout 2014, some of the news for small business owners is unfortunately not so rosy. It's no secret that getting approved for a small business loan can still be exceptionally difficult. Perhaps even worse, many small business lenders offering deceptively easy business loans have been preying on unsuspecting business owners with dishonest practices. That's why it's so important to work with a trustworthy, transparent small business lender like Advantage Capital Business Loans. Not only does the innovative lending model at ACBL ensure that professionals remain in control of their own economic future, but the firm is committed to ethical practices that are beneficial for both parties in any financial partnership.

In an article for Forbes, Fundera Head of Strategy Brayden McCarthy writes that, over the past two decades, small business loans have fallen from half of all banks loans to about 30%. To fill the void, a variety of small business lenders have cropped up to take the place of small business averse traditional lenders. While small business lenders offer a number of benefits that big banks simply can't match, some brokers use unscrupulous tactics and there is very little oversight to rein them in.

Fundera's McCarthy tells the story of one small business owner who applied for a loan through a broker who quoted a rate of 45%, even though any reasonable lender would likely agree to a rate of around 30%. McCarthy explains that "the 15 percentage point difference is what the broker was pocketing for himself as a 'finder's fee,' and would have been passed onto the unsuspecting borrower." Incredibly, even though this type of behavior is predatory and deliberately misleading, it's still legal. In stark contrast to these dubious lending practices, the loan experience at ACBL makes certain that every applicant feels comfortable at every stage of their financial journey – from application to financing and throughout the payback period.

Business owners who choose to work with ACBL for Los Angeles business loans appreciate that their underwriters speak to every business owner to understand the precise nature of their company and get a sense of their specific financial needs. From there, they will create a customized loan with a manageable and affordable payback period. Unlike loans at less reputable brokers and traditional banks, ACBL loan recipients can expect benefits that include:

• No prepayment penalties
• No hidden fees
• An automatic, agreed upon daily payment
• Management of your own cash flow
• Flexible options

Though today's broader, more diverse financial market may be more perilous than ever, it also offers more opportunities than ever, thanks to lenders like ACBL. To take control of your own economic future, don't hesitate to contact Advantage Capital Business Loans for a free quote on a no obligation custom business loan at (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.

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