Welcome!

News Feed Item

For African-American Entrepreneurs, ACBL Business Loans is a Terrific Resource

The unique lending strategy at Advantage Capital Business Loans can prove very helpful to promising African-American professionals seeking necessary financial assistance

LOS ANGELES, April 18, 2014 /PRNewswire/ -- At Advantage Capital Business Loans, you'll find a team that is dedicated to providing lending to ambitious and promising small business professionals. While most big banks and traditional lenders have scaled back programs for small business loans since the economic collapse, the founders at ACBL understand that a wide array of small and medium-size businesses are the backbone of a robust, healthy economy. That's why, for professionals seeking fast business loans, ACBL's lending strategy is invaluable – particularly among entrepreneurs and CEOs with an African-American heritage.

Believe it or not, the U.S. economic recovery has been ongoing for more than four years now. Of course, the recovery has been far stronger for some than others, with large, multinational banks seeing much of the growth, and small business professionals enjoying very little financial improvement. Even within the small business community, there is a large disparity between those who can find necessary financial lending and those who can't, with African-American small business professionals experiencing particularly significant difficulty finding effective loans.

The Wall Street Journal reports that an analysis of Small Business Administration data last fiscal year (ending Sept. 30th) found that U.S. financial institutions made $382.5 million in loans to black-owned businesses – representing only 1.7% of $23.09 billion in total SBA loans. At 2%, the number of loans received by black-owned small businesses was also notably small – down 11% from the number of loans in 2008, prior to the economic meltdown. For the team of financial professionals at Advantage Capital Business Loans, these figures are very troubling. They understand the importance of diversity within the marketplace to ensure economic stability. That's why they're dedicated to providing fast, simple loans to small business professionals who need them most – regardless of ethnic or cultural status.

"If a community gets left behind during (the economic) growth phase, that's a very dangerous thing," says Paul Brown, a venture capitalist and former vice president at the Michigan Economic Development Corp. To combat the issue, the U.S. Small Business Administration offers resources like the ACCION USA Small Business Loans and Minority Business Development Agency. However, at ACBL, lending can often be received by professionals from African-American and other minority backgrounds far more quickly, and with a simple, customized payback period.

In many cases, the entrepreneurs from a minority background miss out on lending at the underwriting phase. At most large banks and traditional lenders, underwriting involves examining issues like personal credit, value of collateral and debt-to-income ratio. At ACBL, though, most of the weight is put on a business's efficiency and potential, ensuring that promising, effective professionals can receive the funding they need – putting them in control of their own financial future.

If you're a small business professional, you're all-too-familiar with the difficulty of growing your company in today's economy. Thanks to the innovative lending at ACBL, though, lending is easier and more effective than ever before, promoting much-needed diversity in a marketplace that desperately needs it. For a no obligation custom business loan, contact Advantage Capital Business Loans for a free quote at (877) 379-0202, or online at AdvantageCapitalBusinessLoans.com.

PR submitted by www.Cyberset.com

SOURCE Advantage Capital Business Loans

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Security, data privacy, reliability, and regulatory compliance are critical factors when evaluating whether to move business applications from in-house, client-hosted environments to a cloud platform. Quality assurance plays a vital role in ensuring that the appropriate level of risk assessment, verification, and validation takes place to ensure business continuity during the migration to a new cloud platform.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...