Businesses Seeking Alternative Financing Options in Tight Credit Markets
Denver, CO, July 05, 2009 --(PR.com)-- Despite government bailouts to the banking industry to stimulate lending, businesses are not receiving the financing from the banks that they need to continue operations. Instead, they are turning to alternative financing options to obtain the necessary funding.
“More and more of our customers are coming to us in frustration because their banks turned them down for the loans that they need to stay in business,” says Scott Jordan, Founding Principal at All Credit Lending Solutions, a firm that provides businesses non-bank funding options. Companies like Jordan’s are booming these days, as banks continue to tighten their lending practices. “Even though banks are receiving federal assistance to extend additional credit to businesses, they have such tight restrictions that many businesses do not qualify. The banks are afraid of the perceived risk,” says Jordan. “However,” he continues, “There is money out there that is readily available to businesses. It is just not at the bank anymore.”
Private investors who have pulled money from the stock market and other investments that have been providing poor returns are more eager to invest in businesses because they know that many of the businesses looking for financing are solid companies and can provide a solid return.
The bailouts to the banks were intended to stimulate lending to businesses, which in turn allows businesses to expand and grow, leading to job creation. The ultimate goal in the bank bailouts was to reenergize the economy. Jordan says, “Businesses will still grow and will still be the source of the economic recovery, but the growth will not come from the banks. Instead, it will come from alternative financing options.”
About:
All Credit Lending Solutions provides alternative financing options to businesses, investors and entrepreneurs that have been turned down by banks. All Credit Lending Solutions has been serving the alternative lending market since 2005. On the web at http://allcreditls.com.
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“More and more of our customers are coming to us in frustration because their banks turned them down for the loans that they need to stay in business,” says Scott Jordan, Founding Principal at All Credit Lending Solutions, a firm that provides businesses non-bank funding options. Companies like Jordan’s are booming these days, as banks continue to tighten their lending practices. “Even though banks are receiving federal assistance to extend additional credit to businesses, they have such tight restrictions that many businesses do not qualify. The banks are afraid of the perceived risk,” says Jordan. “However,” he continues, “There is money out there that is readily available to businesses. It is just not at the bank anymore.”
Private investors who have pulled money from the stock market and other investments that have been providing poor returns are more eager to invest in businesses because they know that many of the businesses looking for financing are solid companies and can provide a solid return.
The bailouts to the banks were intended to stimulate lending to businesses, which in turn allows businesses to expand and grow, leading to job creation. The ultimate goal in the bank bailouts was to reenergize the economy. Jordan says, “Businesses will still grow and will still be the source of the economic recovery, but the growth will not come from the banks. Instead, it will come from alternative financing options.”
About:
All Credit Lending Solutions provides alternative financing options to businesses, investors and entrepreneurs that have been turned down by banks. All Credit Lending Solutions has been serving the alternative lending market since 2005. On the web at http://allcreditls.com.
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Contact
All Credit Lending Solutions
Philip Wocken
3209807170
http://allcreditls.com
Philip Wocken
3209807170
http://allcreditls.com
Contact
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