Entrepreneurs in Struggling Cities Benefit from ACBL's Innovative Lending
The challenges surfacing from Federal lending to Detroit-based small businesses serve to illustrate the efficacy of the lending strategies at Advantage Capital Business Loans
LOS ANGELES, Nov. 25, 2013 /PRNewswire/ -- Though the Dow Jones Industrial Average continues to climb, the effects of a Bull market can scarcely be felt for ambitious small business entrepreneurs in cities like Detroit, MI. Though there is evidence that Federal aid has proven reasonably effective for professionals who are still struggling since the global economic collapse, the one-of-a-kind lending model at Advantage Capital Business Loans has proven essential for many business leaders. By offering efficient, easy business loans that are customized to the needs of each individual recipient, ACBL is making a substantial difference in simplifying the lending process. Whether you're a professional suffering from poor credit, a lack of collateral or even no credit, business loans from ACBL are an ideal method for achieving your company's goals.
If there is any place that is a textbook example of the importance of successful small business entrepreneurship for strengthening communities throughout the country, it is certainly Detroit. That's why it is worth noting that in late November, The Detroit News reported on an event in which U.S. Treasury officials met with Detroit-based bankers and stakeholders to discuss legislation being crafted to advance small business lending in the Motor City and across the country.
Led by U.S. Rep Gary Peters from Bloomfield Township, a suburb of Detroit, the closed-door event is aimed at strengthening public-private partnerships in Metro Detroit. The discussion came about due to concern expressed by the Obama administration regarding the future of Motown in the wake of its bankruptcy filing. While the efforts to bring federal small business lending to Detroit have proven marginally effective, the money is already beginning to run out. "Ultimately it won't be successful unless you bring private capital into the city of Detroit," Peters says.
Federal aid can be exceptionally useful for small businesses trying to get a leg up in an exceptionally competitive marketplace (particularly compared to big banks and traditional lenders). However, Federal small business lending is still subject to legislators who are not always reliable, as well as a bureaucratic system that can be notoriously slow. That's why, for small business owners looking for loans that are simple, quick and easy to get approved, there is no better option than ACBL.
It should come as no surprise that the methods and goals of ACBL are so well-aligned with those of today's small business professionals – in fact, their principals come from a small business background themselves, and understand firsthand the specific challenges involved. That's why they have gone to great lengths to design an innovative lending method that is the antithesis of traditional lending. The result is a simple business loan with a high approval rate that favors responsible, efficient small and medium size business leaders – regardless of personal credit, value of collateral or current profitability of a business.
For hard-working and innovative entrepreneurs in struggling cities like Detroit, the ACBL lending strategy can prove invaluable. If you're a professional in search of a lending experience that favors your specific business needs, contact Advantage Capital Business Loans for a free quote by calling (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.
PR submitted by www.Cyberset.com
SOURCE Advantage Capital Business Loans
More by this Source
ACBL Provides Business Loans that Address the Needs of Middle Class Professionals
Feb 14, 2014, 19:32 ET
An Extension to Federal Lending Underscores the Value of ACBL Loans
Feb 10, 2014, 20:41 ET
Federal Funding to California Highlights the Effective Lending at ACBL
Jan 21, 2014, 20:09 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.