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Lending For Small Business Loans Having A Difficult Time Getting Back On Track

By Daniel Samoohi

Resources for small business loans in the American Recovery and Reinvestment Act (Recovery Act) have just began to put working capital into the hands of working capital-strapped Small Business Administration (SBA) applicants. There are over Three Hundred and Sixty SBA lenders that have not approved a single loan under the government implemented program since October, 2008; nearly half of those banks had not given an SBA loan for over 2 years.

As a result of the Recovery Act, there are now almost twelve hundred providers taking part, which is a good sign. Still, there is a critical program intended to aid small businesses which are struggling, that has yet to get off the ground as of this post.

The America’s Recovery Capital program is geared to entrepreneurs that only require figures of up to $36,000 – a minuscule working capital request that might not be worth bothering with for most business lenders. If you have a small business which only requires $20,000 to $50,000, and you are having trouble searching for lenders or investors, you do not have to wait around for your turn to receive a portion of the Recovery Act pie.

There is already an option that you can tap into without waiting on bureaucrats and getting through red tape; it is called the business cash advance. This alternative for small business loans is available to most seasoned businesses that produce a steady figure of credit card sales. A merchant cash advance lender will simply purchase a part of your future credit card sales at a cheaper rate, and hand you a lump sum of ready working capital you are looking for to grow your business.

Unlike small business loans that tie up your credit and will need you to put up collateral, the merchant cash advance needs neither. The amount you can be approved for is based on several things, including how long you have been in business and your receipts volume. When you are approved, you can have available funds in your hands within a couple of business days.

Since early 2008 Daniel Samoohi has aided thousands of business owners find trustworthy providers in order to compare offers for small business loans. He also helps start ups as well as established businesses find great deals for merchant accounts in order to accept credit cards as a payment method for their businesses.

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Article Citation
MLA Style Citation:
Samoohi, Daniel "Lending For Small Business Loans Having A Difficult Time Getting Back On Track." Lending For Small Business Loans Having A Difficult Time Getting Back On Track. 4 Jul. 2010. 28 Oct 2014 <>.

APA Style Citation:
Samoohi, D (2010, July 4). Lending For Small Business Loans Having A Difficult Time Getting Back On Track. Retrieved October 28, 2014, from

Chicago Style Citation:
Samoohi, Daniel "Lending For Small Business Loans Having A Difficult Time Getting Back On Track"

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