Traditional business financing from banks remains elusive for small and medium sized firms, despite the constant media chatter about improvement and recovery. To survive and prosper, smart business owners are turning to alternative methods of finance while those whose hopes are tied to a revival of bank lending are withering on the vine.
December 8, 2010 – Fredericksburg, VA – (http://www.smart-business-financing.com) – Why are so many people were still talking about “the recession” when it supposedly ended almost a year-and-a-half ago? Though there has been some statistical improvement in the aggregate, on Main Street, the notion the U.S. is recovering is just that — a notion, seemingly conjured up by media pundits, Wall Street traders and ivory tower economists. For the true state of affairs, just ask an owner of a small to medium size company in need of business financing or the aspiring entrepreneur who wants to start a new business.
The good news for current and prospective business owners is that capital is readily available for quality projects, though finding it is not likely to be as easy as a trip to the bank. Despite the continued government efforts to loosen up tight credit, it remains problematic for all but the largest firms to access capital.
“Small and midsize companies have traditionally had few options apart from banking institutions for start-up or working capital financing,” says Mike Lieber, 13-year finance industry veteran and creator of the business financing web site, www.smart-business-financing.com. “Necessity — created by the credit crunch — has brought alternative commercial financing into the spotlight for those business owners and entrepreneurs who refuse to give up.”
Lieber has made it his business to inform visitors to Smart-Business-Financing.Com and his commercial finance clients about the powerful alternatives to bank loans for financing a business or a commercial project.
“By pulling back on their business lending, the banks have created a huge void that alternative finance companies and private lenders are rushing to fill,” he says.
Though alternative financing techniques have been around for many years, they are often misunderstood or unknown entirely by today’s business owners and executives. Factoring accounts receivable, for example, traces its origins back thousands of years, and is actually used more than bank loans in modern day Europe. To cope in a commercial lending environment that is likely to remain unstable for quite some time, U.S. business owners will be have to become less dependent on banks for financing and more aware of and receptive to the flexible alternatives available to them.
Thanks in large part to the internet, learning about and taking advantage of alternative commercial financing methods has never been easier. However, as is true with exploring any type of financial product or service it is best to proceed cautiously. Take advantage of the many free resources, such as Smart-Business-Financing.Com, and talk to industry professionals about the many versatile tools available to help your business or project succeed.
About AEGIS Financial Solutions, Inc.: Founded in 1998, Mike Lieber’s company has been on a mission to help people solve financial problems and get money when they need it most, using the fast and flexible resources of the cash flow industry.
Press Contact:
Mike Lieber, President
AEGIS Financial Solutions, Inc.
88 E. River Bend Road
Fredericksburg, VA 22407
mjl@aegisone.com
PH: (540) 548-2270
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