Innovative Lenders Inspire Optimism among Small Business Professionals

LOS ANGELES, Sept. 29, 2014 /PRNewswire/ -- In a recent article, Inc. reported that a study last month found small business owners are increasingly optimistic about their economic future. Since a healthy small business sector is essential for any robust economy, this is good news. However, to some analysts, it's also surprising. After all, employment growth has been moderate at best, and even as the economic recovery continues to gradually take hold, traditional lenders and big banks have stubbornly refused to offer easy business loans to promising small businesses. All of which begs the question – why are small business owners so optimistic? The answer may come largely from alternative and independent-minded small business lenders like Advantage Capital Business Loans.

Writing for Harvard Business School, Harvard Senior Fellow Karen Gordon Mills recently wrote that "alternative (lenders) have the potential to fundamentally change the way in which businesses access capital." Mills says that since the financial crisis – and particularly during the economic recovery – we've seen "significant growth in innovative, online alternative funding for small businesses." In fact, the portfolio balance for these new lenders has grown about 175% per year in recent years. By comparison, traditional banks have actually seen a 3% decrease in their portfolio balance.

The revitalizing innovation of small business lenders is perhaps best displayed by the one-of-a-kind lending model at ACBL. Their 5-step business loan process has taken the stress and confusion out of the lending experience. Instead of the needlessly complex and drawn out process at most big banks, applicants at ACBL can look forward to the transparent process outlined below:

1.      Complete Application
2.      Get Approved
3.      Pick an Option and Sign Contracts
4.      Get Funded
5.      Pay it Down

This simple, 5 step process ensures that small businesses professionals can get the financing they need, when they need it most. In fact, the efficient process allows for funding that only takes between 2 and 5 business days for most professionals. That means a business emergency that arises on a Monday can be entirely taken care of before the weekend begins. Further still, the customized loan involves no hidden fees or prepayment penalties, and flexible lending options allow each individual to pick their own daily payment, subsequently managing their own cash flow. After all, receiving funding for your company should never lead to increased stress, but should instead leave you excited to be taking an important step toward securing your economic future.

Karen Gordon Mills believes that "there is reason for optimism when it comes to the future of small business lending," and perhaps most importantly, "small businesses have the most to gain." If you're a professional looking for necessary funding for your small business, there's never been a better time to get in touch with the team at Advantage Capital Business Loans. You can find a free quote on a no obligation custom business loan at (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.

PR submitted by www.Cyberset.com

SOURCE Advantage Capital Business Loans