M&L.com Announces Partnership with Small Business Lenders

Montclair, NJ, October 15, 2013 --(PR.com)-- M&L.com, a small business financial management and credit consulting firm announces partnership with business lenders to offer business owners alternative financing solutions.

Lathea Morris, Principal of M&L.com, has almost two decades of experience in working with entrepreneurs and understands the difficulty they have in getting approved for financing for their companies. Morris says, "There are many sound firms that can't get access to capital which is partly due to lack of collateral and low personal credit scores." M&L.com purposely sought partners who offer financing options to entrepreneurs with low credit scores. In a surprise move, the company has begun offering a 6 month free membership to Credit Tools, a credit management website created by M&L.com, to clients with low credit scores who get approved for alternative financing.

Many established firms whose cash flow sheets were hit hard during the recession are not finding financing opportunities. According to the National Small Business Association's 2012 survey, nearly half (43 percent) of small-business respondents said that, in the last four years, they needed funds and were unable to find any willing sources, be it loans, credit cards or investors. This failure to secure financing has caused 32 percent to reduce their number of employees, 20 percent to reduce employee benefits and 17 percent were unable to meet existing demand. Morris says, "Our partners understand this dilemma and offer loan programs to assist these firms."

Oftentimes, small business owners are unsure if they can qualify for financing. To solve this, M&L.com in partnership with a funding service offers a business fundability test that will measure the credit-health of a business and within a matter of minutes will let the owner know exactly where he or she stands. In 3 easy steps, the business owner completes brief information about themself and their business, and then they will be provided with a free Business Fundability™ report that shows how credit providers see them.

"M&L.com is passionate about seeing small businesses and entrepreneurs succeed. We know that one very important way to help businesses start, grow and expand is to offer alternative financing options," said Morris.