'Real' Business Loans. The Unicorns of 21st Century Finance?

ATLANTA - Oct. 17, 2016 - PRLog -- It's what every business owner wants, but has successfully eluded, through every late night internet search out there: a 'Real' Business Loan.

What ever happened to the good ole days, where you could just walk into a bank, and receive five-star treatment, just because you owned a business?

Well...see, what happened was...everyone started to become a business owner.

It's true.

According to a top Forbes contributor, "approximately 543,000 new businesses get started each MONTH". And it's steadily growing. The elite club of owning your own company has swelled, and therefore is not so elite anymore. More than likely because of the overwhelming availability of how-to information on the internet, more and more individuals are learning just how easy it is to start their own business, thus earning them the coveted title of "CEO". But at what expense?

Robyn Mitchell is a Senior Account Executive at Toliver & Bancroft, a thriving loan brokerage based out of southeast Michigan, that offers programs for businesses unable to get funding through traditional banks. Regarding this trend, Robyn states, "Both banks and private commercial financing vehicles

have been consistently losing steam for quite a while." Could there be a link?

She continues, "Quite possibly, as the qualifications of what I'll call the 'true bank-qualified business customer' has started to become somewhat obscured amongst those that are not quite as qualified. Therefore, the job of a bank underwriter has become difficult. Statistics show that defaults have become more common, resulting in other banks deciding to limit their underwriting to A+ customers only."

Herein lies the problem for business consumers:

According to one statistics firm, the average business owner has a paydex score of 54, wherein most

banks require a score of 80 for consideration. That leaves a lot of real business owners with no help. And if your personal FICO credit score isn't good...you may even feel that you're ready to close up shop.

The facts are, ever since the 2008 recession, banks are scared to lend to businesses.

The silver lining in all this? There are new horizons emerging in the online business lending marketplace. Toliver & Bancroft, one of the highest rated loan brokerages in the US, offers 2 distinct and fresh lending programs. One of them is the (easy to qualify for) short term merchant cash advance product, which offers a daily or weekly payback option for an up to 24 month term.

It's easy to qualify for this type of financing, as the vehicle accepts FICO scores under 500, and requires a minimum of just 2 months in business. It's revenue based, a refreshing contrast from the typical business bank loans.

Of course, the rates are where you have to take a deep breath. They typically start around 1.08 and can go as high as 1.50. While this may seem counterintutive to a business' overall growth factor, if done in the right way these quick cash infusions can actually catapult a business to the next level.

In addition, there is an arguably exciting new program that offers more creditworthy business owners an opportunity to get a REAL loan, reminiscent of the old-fashioned bank programs. This vehicle is called the S-Loan, and with interest rates as low as 5.49%; fixed, monthly payments, and up to a 10 year term, it almost takes you back to the good ole days. The requirements are not so hard to swallow either, with a minimum 620+ fico score and over 2 years in business.

So it's a win-win situation for all parties as Toliver & Bancroft offers programs fitted for both sub-prime and top tier businesses. The bonus in all this is that their programs can actually close in as little as 4 hours.

Will this trend continue? We hope so, as the US business economy needs a break.

If you'd like to get more information on getting a loan for your business, visit http://www.ToliverBancroft.com or call them directly at 888-506-9935.

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