For African-American Entrepreneurs, ACBL Business Loans is a Terrific Resource The unique lending strategy at Advantage Capital Business Loans can prove very helpful to promising African-American professionals seeking necessary financial assistance

LOS ANGELES, April 18, 2014 /PRNewswire/ -- At Advantage Capital Business Loans, you'll find a team that is dedicated to providing lending to ambitious and promising small business professionals. While most big banks and traditional lenders have scaled back programs for small business loans since the economic collapse, the founders at ACBL understand that a wide array of small and medium-size businesses are the backbone of a robust, healthy economy. That's why, for professionals seeking fast business loans, ACBL's lending strategy is invaluable – particularly among entrepreneurs and CEOs with an African-American heritage.

Believe it or not, the U.S. economic recovery has been ongoing for more than four years now. Of course, the recovery has been far stronger for some than others, with large, multinational banks seeing much of the growth, and small business professionals enjoying very little financial improvement. Even within the small business community, there is a large disparity between those who can find necessary financial lending and those who can't, with African-American small business professionals experiencing particularly significant difficulty finding effective loans.

The Wall Street Journal reports that an analysis of Small Business Administration data last fiscal year (ending Sept. 30th) found that U.S. financial institutions made $382.5 million in loans to black-owned businesses – representing only 1.7% of $23.09 billion in total SBA loans. At 2%, the number of loans received by black-owned small businesses was also notably small – down 11% from the number of loans in 2008, prior to the economic meltdown. For the team of financial professionals at Advantage Capital Business Loans, these figures are very troubling. They understand the importance of diversity within the marketplace to ensure economic stability. That's why they're dedicated to providing fast, simple loans to small business professionals who need them most – regardless of ethnic or cultural status.

"If a community gets left behind during (the economic) growth phase, that's a very dangerous thing," says Paul Brown, a venture capitalist and former vice president at the Michigan Economic Development Corp. To combat the issue, the U.S. Small Business Administration offers resources like the ACCION USA Small Business Loans and Minority Business Development Agency. However, at ACBL, lending can often be received by professionals from African-American and other minority backgrounds far more quickly, and with a simple, customized payback period.

In many cases, the entrepreneurs from a minority background miss out on lending at the underwriting phase. At most large banks and traditional lenders, underwriting involves examining issues like personal credit, value of collateral and debt-to-income ratio. At ACBL, though, most of the weight is put on a business's efficiency and potential, ensuring that promising, effective professionals can receive the funding they need – putting them in control of their own financial future.

If you're a small business professional, you're all-too-familiar with the difficulty of growing your company in today's economy. Thanks to the innovative lending at ACBL, though, lending is easier and more effective than ever before, promoting much-needed diversity in a marketplace that desperately needs it. For a no obligation custom business loan, contact Advantage Capital Business Loans for a free quote at (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.

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SOURCE Advantage Capital Business Loans



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