Local businesses thrive on small business loans in Stamford, CT. After all, small business loans give Stamford entrepreneurs the capital they need for all aspects of business. From start up capital to equipment, funding for growth, and more, small business loans in Stamford are essential for success.
Avoiding Hold-Ups When Getting Small Business Loans In Stamford, CT
For the longest time, banks were the traditional source for small business loans in Stamford, Connecticut. Recently, banks have been tightening their entry requirements for even the most basic small business loans in Stamford, CT. While small business loans are the life blood for new and small business owners, bank requirements, such as high credit ratings and a strong history of borrowing, can prohibit all but long-established companies from getting small business loans. Additionally, banks process loans according to their own chain of command, which can delay the approval process with layers of red tape. There should be a faster and more efficient way to get access to small business loans in Stamford, CT.
Preferred Financial Services Companies
When seeking a lender for small business loans in Stamford, CT, entrepreneurs should look for “Preferred Financial Services” companies. Lenders with this title can quickly approve and process small business loans in Stamford. “Preferred Financial Services” companies are recognized among SBA lenders as having a streamlined, in-house approval process, which sidesteps the bureaucracy of traditional lending institutions. Part of the reason for “Preferred Financial Services” companies is to clear up the bottleneck that occurs between banks and the Small Business Administration. Another part is that commercial lenders holding the “Preferred Financial Services” title can get the most competitive terms and rates for small business loans in Stamford, CT. Banks, on the other hand, must stick with their rigid interest rates without providing any leeway for small business owners.
Finding The Best Small Business Loans In Stamford, CT
Lavan Financial Group believes small and emerging business owners should have access to the funding they need to thrive and grow. As such, we are committed to providing the best small business loans in Stamford, Connecticut. We are proud to hold the designation of “Preferred Financial Services” company, so we can fast track small business loan requests of all sizes. If you are seeking small business loans in Stamford and would like to avoid the waiting and rejection from traditional lending channels, contact Lavan Financial Group today.