|By PR Newswire||
|February 10, 2014 08:41 PM EST||
LOS ANGELES, Feb. 10, 2014 /PRNewswire/ -- The Federal Reserve recently announced plans to extend their Term Asset-Backed Securities Loan Facility (TALF) program through March 31st for most types of loans it makes. While this is good news for many entrepreneurs, the savviest small business CEOs are aware that the innovative lending pioneered by Advantage Capital Business Loans remains the best bet for long-term success and financial freedom. By creating a drastically different underwriting model that that of traditional lenders, ACBL has garnered acclaim for providing small business loans that are quick, simple and easy to get approved. In a ferociously competitive marketplace in which easy business loans are increasingly hard to come by, the invaluable lending at ACBL will be around long after TALF is ended.
USA Today reports that the TALF program, which is intended to spur lending to consumers and small business owners at lower rates without expanding the types of loans made, was scheduled to end with 2013. However, as consumer confidence begins to wane, the Fed has been under increasing pressure from industry and lawmakers to enact measures that would spike lending, particularly to those in commercial real estate, a sector that was hit particularly hard by the deep US recession.
Under TALF, investors and banks use federal money to buy securities backed by auto and student loans, credit cards, business equipment and loans guaranteed by the Small Business Administration. By continuing the program, the Fed is sending the message that, despite recent improvements in economic conditions, markets are still under significant strain – and they are likely to remain so for the foreseeable future. While the continuation of the program is certainly good news for struggling small business professionals, federal aid certainly can't continue forever, and ultimately, the positive effects it offers will be limited. Yet, long after TALF ends, the effective lending offered at ACBL will continue to serve professionals with fair, manageable and customized loans.
Not only does the team at ACBL bring to their loan recipients an extensive understanding of financial lending, but their principals hail from a small business background in their own right. That's why it should come as no surprise that they understand firsthand the importance of a flourishing small business marketplace toward ensuring an overall robust economy.
Upon the inception of ACBL, the celebrated financial firm's founders set out to create a business lending model that would be the antithesis of the traditional business loan. In other words, their customized lending experience creates a loan with a high approval rate that favors small and medium size businesses – a stark contrast to lending at big banks and traditional lenders that notoriously favors large, multinational corporations at the expense of ambition and innovative small business professionals. Thanks to the truly one-of-a-kind, small business-centric loans offered by ACBL, the future of small business professionals can remain bright without depending on uncertain federal aid. If you're a small business professional looking to sustainably grow your company, 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