|By PR Newswire||
|January 15, 2014 06:15 AM EST||
CHICAGO, Jan. 15, 2014 /PRNewswire-iReach/ -- When opportunity knocks, you open the door. The adage is just as true as it was in medieval times. Small businesses are waking up to new opportunities this morning as http://www.nationalloans.com releases a new brand of exclusive business loans that are to be offered to small and medium-sized businesses.
While business loans are no stranger to the Internet, this new brand of "cant-find-them-elsewhere" loans is sure to appeal to a wide range of entrepreneurs who have demanded more options and flexibility.
The Wall Street Journal reports that over $3 billion in small business loans were offered by about two dozen non-bank lenders in 2013 alone -- and that would be nearly double the lending activity in 2012. That is a remarkable increase within a short span of just one year.
Add to the number government entities, the Small Business Administration, and various other online and private lenders. We are talking about hundreds of billions of dollars in lending for small businesses exclusively. Further, most of these funds are from alternate lenders -- financial institutions that would not be categorized under the traditional definition of "banks".
Borrowers, too, are consuming this new-found source of finance with equal fervor and are doing their part to spur growth and employment in communities they serve.
"Nearly forty percent of businesses will be seeking out new, alternative loan options during 2014. That is exactly the marketplace we are catering to," says James Shank, CEO and founder of http://www.nationalloans.com/commercial.html. "As the market demand for small business loan increases, we have established a unique and exclusive club of lenders who are only too eager to lend to this high growth sector of the economy. As we would like to put it: exclusively online-only business loans are mushrooming at nationalloans.com," adds Shank.
Shank's company has embarked on a mission of sorts during the past few months. His team has revamped their existing portfolio of small business loan lenders to include an exclusive selection of alternate lenders that will be providing online-only loans. Given the cost synergies of the Web-based infrastructure, borrowers win just as much as lenders, primarily in way of low cost, low interest loans with flexible repayment options.
"This is exactly what our economy needs at this juncture. We need more lenders who are willing to assist small businesses. Eliminate the red tape and offer us low-cost incentives. We will sign-up. Who wouldn't need a slight boost to the cash flow, even in the best of times," explains Alan, a New York-based entrepreneur who runs a small retail outlet catering to senior citizens.
NationalLoans.com is an online network of exclusively-online lenders who focus on the small business segment. From immediate cash flow loans and working capital funds to short term personal loans, the site offers a unique portfolio of options for diverse borrowers. In order to obtain a loan, applicants need to complete a short application. Lenders contact qualified applicants directly and funds are deposited within one business day upon approval.
Media Contact: James Shank, National Loans Inc, (512) 571-3828, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE National Loans Inc.