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Follow on Google News | Industry Source Networks Announces LoanManager™, Small Businesses Loan Tools.Industry Source Networks announces the Industry Source Loan Manager™, the easiest and most time efficient way for small businesses to get loans from community and regional banks
1. Inflexible criteria used by large banks which disqualify most small businesses from obtaining a small business loan. 2. Daunting amount of paperwork and difficult loan process. 3. Inability of small business owners to communicate their circumstances in a way that fits banks’ underwriting requirements. The $30 Billion Small Business Loan Program came into existence because of the very low rates at which small business loans have been approved by the large banks. The National Federation of Independent Business reported that in 2009 less than 27.4% of all small businesses were able to get sufficient funding from bank loans. Some banks have been cutting back on small business financing even for creditworthy small businesses that have grown their businesses during the recession. “Our business has been growing throughout the recession,” said Timothy Barry CEO of Intelligent Technologies Inc., a Vancouver, Washington retailer, “and we have never missed a loan payment yet our bank pulled our line of credit without warning.” Industry Source Networks has addressed the challenge of getting small businesses through the approval process with their LoanManager™ The Industry Source LoanManager consists of: 1. Industry Source LoanOrganizer: 2. Industry Source LoanApprover: 3. Industry Source LoanMatcher: 4. Industry Source LoanTracker: Industry Source LoanManager™ “Our goal is to ensure that every small business that is capable of getting a loan, gets a loan,” - 30 - http://industrysourcenetworks.com is the leading business profitability network for small business. The founding team has over 60 years running and managing small and medium sized businesses. Industry Source Networks was founded out of a frustration that small businesses cannot get the same financing or terms as larger businesses. The company is passionate that small businesses are the primary drivers of our economy but are not treated with respect they deserve. The company shares a strong belief in the power of the free enterprise system and are committed to creating a competitive marketplace for financing creditworthy small businesses. The founders are passionate that every small business that should get a loan, gets a loan and that small business is the foundation for a strong community and country. # # # Best source to obtain small business loans for buildings, working capital, heavy equipment, and lines of credit. we specialize in helping small businesses through the loan process and beyond. We are committed that any small business that should get a loan, gets a loan End
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