Small Businesses Can't Get Credit From Banks, Where to Turn?

Feb. 6, 2012 - PRLog -- For several years now small businesses have tried to cope with the Great Recession. Lending has almost disappeared for small employers, and too many legislators are spending more time playing politics than working to find a solution. If small businesses are going to help fix our country's employment problem, they need increased access to credit and smart jobs legislation.

Ninety percent of small businesses want banks and credit unions to expand their access to small businesses for lines of credit and additional forms of financing.  The bottom line is small business owners need increased cash flow to keep their doors open and hire more workers.

Small businesses need help if they're going to help fix the economy. Today's credit barrier limits small business expansion and strains small businesses capacity to put America back to work. While lawmakers in Congress are using partisan rhetoric to dismantle proposals aimed at creating jobs, small businesses are repeatedly voicing their support for these exact ideas. For their sake, lawmakers need to focus on bettering credit conditions and try to repair our jobs problem.

Many small businesses are turning away from the traditional bricks and mortar banks and turning to alternative solutions, such as commercial finance solutions companies like State & Uptown Capital LLC.  According to the company’s Principal Partner, Brian Grosheider, “Many small businesses don’t realize that there are alternatives.  Our firm has partnered with about forty private lending corporations that focus on lending to small businesses that can’t get financing from the traditional banks.  We help with unsecured lines of credit, ABL loans, SBA loans, merchant cash advance, accounts receivable financing, purchase order financing and many other commercial finance solutions that would not otherwise be available to them."

Over the course of the next decade, companies such as State & Uptown Capital are going to be vital to helping small businesses succeed.  The success of small business is a very necessary component of actually turning this economy around.

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State & Uptown Capital LLC is a nationally recognized leader in commercial finance. We are leading the way in commercial lending of all types, including Commercial Real Estate Loans, Equipment Leasing, Sale Leasebacks, Heavy Equipment Leasing, Heavy Equipment Financing, Medical Financing, Accounts Receivable Financing, Factoring, Bridge and Hard Money Loans, SBA Financing, Business Acquisition Financing, Hotel Financing, Stock Loans, Portfolio Liquidations, Private Equity, Joint Ventures and more.