Business Solutions

Many small business owners were disappointed when their requests for loans to small businesses are declined by banks under the program of the U.S. Small Business Administration for the rehabilitation of the capital. According to an article written by Robb Mandelbaum 12/08/2009 in online edition of the New York Times, the program has been a slow start. “It seems that most banks are reluctant to apply for loans to small businesses to adopt. Mandelbaum reports that the program of the Small Business Administration $ 255,000,000 for enough small business loans up to $ 10,000 can give is $ 35,000 each. However, two months after the program began, there were only 1127 loans issued to small businesses, with a total of $ 36. 8000000. sources say that banks are reluctant to participate in the Small Business Administration as providing loans to small businesses would not very profitable for them. Mersk Paul. chief economist of the Bankers Association of Independent Community trade of America, said: “There is not much profit in a loan of $ 35,000 over six years. Bob Seiwert, Centre for Commercial Loans and Business Banking at the American Bankers Association shows that, due to adopt high standards, providing loans to small businesses is becoming more expensive. Banks have also found new ways to goedkeuring of loans restrict small businesses, with restrictions on Congress to qualify for loans. According to Congress, to qualify for SBA loans to small businesses both difficult and viable. This means that the company needs an “immediate financial harm have been” like a drop of 20 percent of revenue. However, the company must also at least two years with evidence of a positive cash flow in one of the two previous years. It is also a two years cash flow projections will prove able to repay the loan. Because of the limitations of Congress, the banks are more likely to loans to small businesses to adopt their existing customers. Mersk said: “From a financial standpoint, it’s a loan that has meaning for an existing customer. You’re not going to have to make a lot of resources to a costly subscription. You know the business.” Those who work in supporting small businesses are very disappointed. For example, Alex Cooper, an advisor to the Pima Community College Small Business Development Center in Tucson. He said he had nearly 30 owners of small businesses help with their loan applications, but none of them was approved. “It’s a disappointment. I thought the banks would be more interested in the community and try to help small businesses,” he said. Where applications for small business loans are rejected by banks under the program of the Small Business Administration for America to restore the capital, small business owners have another option. They can be the equivalent of loans to small businesses from their кредит онлайн кредитные карты services. credit card services offer their customers the option of making payments by credit or charge card in person, online or by phone to accept. Customers who have a minimum average monthly sales of credit cards are authorized to apply for cash advances are like small business loans. Payments are automatically deducted from the future sale of credit cards. If you are a small business owner, you do not have to go through the hassle to apply for loans to small businesses with banks reluctant to participate in the Small Business Administration. Get your free issue loans to small business credit card service instead.