Were you redlined as a commercial property owner? Women and minority building owners may have received higher interest rate commercial loans in past years compared to their peers. This may be due to a lack of competition and a failure to access US government guaranteed loans through the SBA and USDA. Refinancing a commercial property or building loan may make sense for a minority or women owned business.
Being branded as a minority in the U.S. by banks may be masqueraded in language as ‘high crime areas’ or ‘unproven business model’. As such, it had been very hard to get a small business loan for a commercial building or franchise by women or minority business owners.
Banks have been slow to lend to small businesses, even as credit availability has eased since the global financial crisis hit. More than three-quarters of small businesses that applied for a loan during the first half of 2010 received only "some" or "none" of the credit they desired, according to a New York Federal Reserve report released in October 2010.
That may be because many commercial banks do not specialize in small business loans especially for the minority group (http://smallbusiness.blogs.cnnmoney.cnn.com/category/startup/). What’s new is that bank vaults that had been slammed shut to small businesses with minority or women owners are now opening.
Getting a business or property loan is not always easy. Banks ask for a business plan, credit score, and if your company is worth the loan. Or they tell you to wait until the economy is better. Your business IS important to you! So why wait?
Venture Funding Group and the Small Business Administration (SBA) have two new lending initiatives aimed at getting relatively modest loans to small businesses quickly http://money.cnn.com/
The Good News! You can go to http://www.TheSBALoan.com/ and easily apply for a small business loan! http://www.TheSBALoan.com/ is a specialist in consultation, assistance, and funding opportunities for ALL business located in rural communities and growing urban cities.
Why waste time waiting for a bank to call you back? Why wait for the economy to get better?
The folks at http://www.TheSBALoan.com/ get small business property loans for women even with bad credit. Plus, government-guaranteed USDA and SBA building loans offer higher loan limits and lower down payments. Learn about refinancing for commercial property loan at http://www.TheSBALoan.com/.
We’ll guide you how to use Small Business Administration initiatives to get business loans out to small business owners to help boost the economy.
Why not take advantage of this opportunity now? Go to http://www.TheSBALoan.com/ and get started today on your dream business!
