| Send2Press.com • Today is Saturday, February 11, 2012 | A Member of the Neotrope News Network |  |
|
|
NEWS ARCHIVES : U.S. and World News :
Banking and Finance
News
|
Press Release:
BusinessCashAdvance.com Offers Alternative Financing to SBA Business Loans
CORAL SPRINGS, Fla., June 25 (SEND2PRESS NEWSWIRE) -- On April 15, President Barack Obama signed legislation to add $80 million to the Small Business Association (SBA) business loan programs, and effectively extend stimulus benefits through the end of May. But a recent study suggests that a significant majority of small business owners will remain uninterested. Instead, many are seeking financing alternatives, says BusinessCashAdvance.According to the Discover Small Business Watch, seventy percent of owners say that the recent federal stimulus efforts have had no impact on their businesses. Moreover, 91 percent of the small business owners surveyed stated that they have never applied for an SBA loan. This is up 1 percent from October 2009. Of those who have never applied for an SBA loan, 54 percent say they did not need one; 13 percent would rather use personal assets, 13 percent received a business loan from another source, 11 percent are unfamiliar with the programs and 6 percent say it takes too much time. According to the survey, 61 percent of small business owners are "not very likely" or "not at all likely" to apply for a SBA loan even if they are easier to obtain. In order to secure the operational capital they need to keep their businesses running smoothly, many small business owners have sought "alternative" methods of financing. This includes relying on personal assets, obtaining a private loan, or seeking asset-based lending arrangements, such as invoice factoring and business cash advances, based on future credit card purchases. With 41 percent of small business owners who stated that the economy has had a negative impact on their business expecting that the recovery take more than a year, and with many putting their plans for hiring or expanding on hold, it may be a while before small businesses bring their banking to the banks. About BusinessCashAdvance: Founded by financial professionals, BusinessCashAdvance.com provides unsecured cash advances for small business. Financing companies in a broad spectrum of industries, it has helped retail stores, automotive shops, beauty salons, medical practices, florists, pet stores, restaurants, and others. A free application is available online at www.businesscashadvance.com or by calling 866-411-0606.
NEWS SOURCE: BusinessCashAdvance
Send2Press® is the originating wire service for this story. Terms of Use. © BusinessCashAdvance. All trademarks acknowledged.
THE CONTENT OF THE ABOVE PRESS RELEASE WAS PROVIDED BY THE NEWS SOURCE (BusinessCashAdvance), WHO IS SOLELY RESPONSIBLE FOR ITS ACCURACY. FOR QUESTIONS ABOUT THIS STORY CONTACT THE NEWS SOURCE AND NOT THIS WEBSITE.
Journalist Resources:
Download original press release as issued including media contact information for BusinessCashAdvance.
Additional News Releases on Similar Topics:
|
Subscribe to Send2Press®
Daily News Releases by E-Mail
Follow Send2Press on Social Sites: 
Additional News from
BusinessCashAdvance : » Merchant Cash Advances Expected to Increase in 2011 Holiday Season » Business Loan Alternatives Expected to Increase in 2012 » BusinessCashAdvance.com Offers Alternative Financing to SBA Business Loans » Business Cash Advances Fill a Financing Void for Many Small Businesses » More Businesses Dismissing Banks for Business Loans
|
||||||||||||||||||||||||||
View our news channels by industry topics, by U.S. States, or by selected U.S. Cities:
|
Terms of Use and License
This "article format" version of the issued press release is Copr. © 1983-2012 Neotrope/Send2Press. You may freely link to this article version of the press release or may use the release text as the basis for an original article or news posting. If the content is copied verbatim via a scraping or copy/paste method, the news item must be properly "attributed" to Send2Press® Newswire as the originating wire service for this story (may not be posted on ANY site selling/offering SEO or PR services, newswire services, or adult content!). |
DISCLAIMER: the above press release content is believed accurate but not guaranteed, and is based on business news supplied by the source. The noted source is solely responsible for its accuracy. Financial/Stock news may contain forward looking statements. Neotrope/Send2Press (this website) makes no claims of accuracy or suitability for any purpose. Any opinions expressed by representatives of company(s) mentioned in news and profiles are solely those of the person indicated, and do not reflect any opinion or policy of Neotrope® or Send2Press. Your use of any information contained herein is done solely at your own risk, and you are fully responsible for using any information herein, or on sites mentioned or linked to in the article. All trademarks acknowledged.
REFERENCES: BusinessCashAdvance.com Offers Alternative Financing to SBA Business Loans, BusinessCashAdvance, Business Cash Advance, SBA business loan programs, unsecured cash advances for small business, retail stores, automotive shops, beauty salons, medical practices, florists, pet stores, restaurants, funding, press release, Jun 25, 2010. |
|
THIS PAGE MEDIA READS (by media and public, as of today): 2396 times (1 today, 8 this week, 16 this month, 44 this year)
Site Design and Content is Copr. © 1983 - 2011 Neotrope® - All rights reserved. Send2Press® is a reg. trademark and service mark of NEOTROPE.
Press Release Writing | About Send2Press | Meet Our Staff | Contact Us | Our Services | Help Desk | Legal | Privacy | How-To Articles | RSS Feeds | Journalist Tools | Client eMediaKits | Headline Feeds | Podcast | PR News Channels | Daily News Desk | Success Stories | PRTRax™ Reader Tracking | Targeted News Distribution | Internet Marketing Services | Order PR Services | Terms of Service (TOS)