SCOTTSDALE, Ariz., Aug. 27, 2015 /PRNewswire/ -- As the country prepares to recognize America's entrepreneurs and small business owners during National Small Business Week (May 4–8), BusinessLoansToday — an online alternative lending company launched in December 2014 — is delivering on its mission to provide working capital to determined entrepreneurs who may otherwise be turned down for a business loan through the traditional banking system.
BusinessLoansToday specializes in securing small- and medium-sized business owners with the financing they need to either start or expand their business. The company provides loans in amounts from $5,000 up to $250,000, with repayment terms from four to 24 months. The loans offered through BusinessLoansToday are typically available to business owners just days after approval.
"For entrepreneurs who are building their business, whether starting right out of the gate or expanding what they've already created, traditional bank loans can be incredibly difficult to obtain," said CEO and founder Chris Kay. "The criteria can be far too stringent for someone who is trying to get their business off the ground or deciding whether or not they should take their business to the next level. That's where we come in to offer entrepreneurs another option that helps them keep their dreams alive."
According to a recent study from researchers at Pepperdine University, more than 63 percent of small business owners seeking funding most often target banks as their first source of funding, and yet only 27 percent will actually secure a business loan from a bank.
"Not only are lending requirements much stricter in general than they were before 2008's financial crisis, but small businesses are many times considered a risky prospect for lenders," Kay said. "Many larger banks don't even offer small business loans because they just aren't profitable enough, especially given the risk. BusinessLoansToday offers entrepreneurs a window when the bank closes the door."
BusinessLoansToday provides an accessible, straightforward and accelerated way for entrepreneurs to get the capital they need for their businesses, when they need it. The process is as simple as completing an online application form, processing the application by sending it across a vast network of funding partners and direct lenders, and depositing the funds in as few as 24 hours after approval. Applicants are under no obligation after applying and there are no hidden application fees.
"Entrepreneurship is the foundation of commerce in this country," Kay said. "More than half of Americans either own or work for a small business, and they create two out of every three jobs in the U.S. each year. As we celebrate National Small Business Week, we also celebrate the innovative ideas and creativity that are synonymous with entrepreneurship. BusinessLoansToday is proud to be part of funding the American Dream."
For more information about BusinessLoansToday, visit https://www.businessloanstoday.com.
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