Working Capital Loans Without Banks

By Author: Stephen Bush
Total Articles: 4762
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The concept of "small business loans without banks" has recently assumed a critically important role for business owners unable to obtain bank financing. It is rare for a small business to openly pursue the possibility of replacing their bank. Pursuing such a path when their bank says "no" to routine requests for small business financing is realistically the primary option to be reviewed by any astute business owner. Improvements to the overall financial health of a business will be achieved in a pleasantly surprising number of cases even though this search for new small business finance alternatives is undertaken under protest by most commercial borrowers.

There are two financing situations that businesses should especially be prepared for banks saying "no". One of these involves working capital (including commercial lines of credit) and the other commercial property financing. Recent nationwide business banking reports clearly show a drastic reduction in small business loans for commercial property loans and working capital financing, although a small number of banks are still proving to be reliable sources for some ...
... small business financing options.

A prudent starting point for commercial borrowers is likely to be an extended discussion with a small business loans expert for helping to adequately evaluate how to get working capital loans and other business financing when their bank says "no". Finding and selecting such an expert will not be a quick or easy task for business owners, but this step is likely to be critical to eventual success in formulating a strategy for obtaining new sources of commercial funding. Ensuring that any business finance expert chosen is totally independent and not affiliated in any way whatsoever with the bank which has already said "no" is an aspect that should be emphasized in locating a viable expert to help.

Banks are routinely saying "no" to small businesses which are both profitable and long-term customers. Because this has become such a widespread business lending problem, it is now common to hear phrases such as "thinking outside the bank" and "small business loans without banks" when talking about alternatives small business owners might need to analyze. Banks are currently saying "no" more frequently than they have in decades. Small business owners are increasingly hearing their bank say "no" to requests for needed business financing and working capital loans. For most commercial borrowers this represents uncharted waters and they are often not sure what to do next. While a bank saying "no" is not a result that any business owner would seek, in many circumstances it can eventually lead to an overall improvement in small business finance choices. Small business owners are usually pleased to discover that they can not only replace existing bank financing satisfactorily but also improve their bottom line in the transition when they have literally been forced to find new small business finance strategies.
About Author:
Steve Bush is a consistent source of commercial financing and is CEO of AEX Commercial Financing Group ( http://aexcfg.com ). He delivers commercial loans and business financing services throughout the U.S. Steve has offered practical advice to small businesses for 25 years.