Legislators are Working to Improve State Lending Programs, but Small Business Owners Already Know to Rely on ACBL

A California bill would improve access to lending information for small business CEOs, yet the customized loans from Advantage Capital Business Loans remain the best bet for professionals.

Oct 09, 2013, 15:48 ET from Advantage Capital Business Loans

LOS ANGELES, Oct. 9, 2013 /PRNewswire/ -- For small business owners that are looking to strengthen their companies, the idea of receiving easy business loans in today's wildly volatile marketplace is often perceived as a pipe dream – even while they prove increasingly essential for a company to survive. Yet, at Advantage Capital Business Loans, the lending model was designed with the needs of small and modest-sized companies in mind. By utilizing a model that puts the majority of weight on a business's efficiency and potential while eschewing factors like personal credit and debt-to-income ratio typically used by large banks, they assist ambitious professionals with small business loans that allow them to achieve their financial goals.

How harsh have the policies of traditional lenders become for small-business professionals? Enough so that many legislators are stepping in to try and improve the process of receiving small business loans. A few weeks ago, the state of California Legislature unanimously passed a bill to improve the state's program for small business loans. Introduced by Pasadena Democrat Chris Holden, Assembly Bill 201 requires the Office of Small Business Advocate to include information on its website about the state's Small Business Loan Guarantee, including policies on direct lending and disaster loans.

California's legislature approved the bill unanimously, and while it is as yet unknown whether Governor Jerry Brown will sign or veto the proposal, it stands as a rare bit of promising news for small business owners who have been hit particularly hard by the great recession since 2008. Yet, regardless of whether the changes comes to fruition, small business CEOs in California and across the US can count on the Los Angeles-based lending experts at ACBL for exceptional service and loans that are simple, quick and easy to get approved.

At ACBL, loans are customized to meet the specific and unique financial needs of small and medium-size businesses. Their principals come from a small business background, and have changed the loan experience by assigning dedicated account executives, underwriters and funding coordinators that are dedicated to providing each loan recipient with a remarkable level of support. In short, they deliver a loan experience that is the antithesis of big banks and traditional lenders.

California legislator Holden says the improvements enacted by the bill will "play an important role in providing relevant information about the [small business loan program] for small business and potential financial institutions." While time will yet tell whether the bill and its proposed changes truly have an effect on small businesses, promising small business CEOs are already finding their confidence restored by customized loans that help them achieve their financial goals from ACBL. If you run a small or medium-sized business and are interested in learning more about the one-of-a-kind loan experience at Advantage Capital Business Loans, contact them for a free quote by calling (877) 379-0202, or by checking them out online at www.AdvantageCapitalBusinessLoans.com today.

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