“We can’t solve problems with the same kind of thinking we used when we created them.”
– Albert Einstein
I wish I could report that the legislation our law makers finally passed on Friday will have immediate impact on the economy and capital will begin to flow into small business lending quickly
However, it will likely take several weeks before the Treasury Department can create room on lenders’ balance sheets and impact underwriting decisions that make capital available to small business owners.
Essentially, traditional business lending sources will continue to limit or freeze their lending activity for weeks.
There are no shortage of articles about small business credit crunches, including Concerns about how franchise restaurants will remodel or expand in Entrepreneurs Scramble for financing Even my local and Tight credit forces stores, restaurants to be flexible .
While these stories reflect the world of traditional lending, it does not tell the entire story of small business financing and the business cash advance industry which has stepped in to fill this capital void for greatfull business owners.
Business Cash Advance Capital, Lending Programs are Available
Truth is, in the past few months, many of the companies we work with to arrange client financing have raised hundreds of million of dollars in new capital, created new lending programs and seen a significant increase in their small business financing.
We are clearly in difficult times, but there are financing alternatives for small business owners in almost any industry with almost any credit profile.
Stay positive.
