LOS ANGELES, Jan. 9, 2014 /PRNewswire/ -- As small business owners are keenly aware, the economic recovery has been slow and steady – with an emphasis on slow. However, 2013 was a banner year for financial growth, a fact that is apparent by the marked increase in the number of small and medium-sized business professionals seeking quick, easy business loans. Many experts and government officials believe this is a sign of continued economic growth to come, which has led to a reduction in monetary stimulus by the Fed. Fortunately, as government aid begins to dry up, small business owners can still count on the innovative lending strategies at Advantage Capital Business Loans. Whether in need of a minority business loan or a quick loan for emergency purposes, the team at ACBL is always able to provide for the needs of top business professionals.
Daily Finance reports that The Thomson Reuters/PayNet Small Business Lending Index – designed to measure the volume of financing to small companies – saw a 1% gain in November from the same period in 2012 to 111.4. Further still, November actually had the highest per-day borrowing rate of 2013 – despite only 20 working days in the month.
Historically, the PayNet scale has illustrated a strong correlation to overall economic growth. "It's another sign of continued expansion," says Bill Phelan, founder of PayNet. Small businesses "are seeing more demand for goods and services and that's all good for GDP." The good news is crucial, as the Federal Reserve weighs the economy's tolerance for cutbacks and begins to phase out Federal stimulus assistance.
Thus, while there is plenty of promising news for small businesses that are looking to grow in the new year, there is plenty of risk as well, making the loan options offered at ACBL more essential than ever. After all, ACBL was founded with the specific financial needs of small and medium sized businesses in mind, and has since developed a lending model that provides customized finance options that are quick, simple and easy to get approved.
In the most productive economic periods, small companies looking to grow are often more likely to take risks as their leaders look to take advantage of the new growth opportunities, and thanks to ACBL they can do so with minimized risk and remarkable efficiency. That's because, at ACBL, a loan officer will speak with every applicant to get a sense of their business' specific challenges. Together, they will design a customized loan with a manageable and affordable payback, allowing each loan recipient the luxury to control their own economic future.
As savvy business owners look to profit from a more encouraging economic climate, they can take heart in knowing the team at ACBL is dedicated to ensuring they can maximize their resources with their one-of-a-kind lending experience. If you're a professional with ambitions to see your business flourish in 2014, contact Advantage Capital Business Loans for a free quote at (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.
PR submitted by www.Cyberset.com
SOURCE Advantage Capital Business Loans