Lawrenceville, NJ, February 08, 2008 --(
PR.com)-- With the number of foreclosure filings soaring by 75%, the stock market decline on Wall Street, the subprime mortgage crisis and the slow jobs growth around the country, many small business owners might be led to think the market for commercial lending is tight. On the contrary, while lenders are certainly being more cautious in granting loans, loans are still available.
Provision Capital Corporation, a nationally recognized small business loan and commercial mortgage company based in Central New Jersey, is projected to close about $9 million in loans for small businesses and commercial projects for February, their largest sales month to date, according to Robert Hall, Provision’s President and CEO. Hall continues, “Provision has an 80% success rate for securing loans for clients, due to the large network of lending institutions that we work with. It allows Provision to find lenders who will take on the risk regardless of the scenario.”
Loans of $250,000 to $5 million for companies looking for working capital, business acquisition, government business loans (SBA), and commercial mortgages are still available, with costs depending on how much risk is involved with the application. The key is finding the right lender to suit the situation, which is what Provision excels at. They specialize in helping small to mid-size businesses that may not have all the documentation a regular lending institution looks for. They offer a streamlined application & approval process, with most conditional approvals granted within 3 – 5 day. Says Hall, “We can tell applicants right away if they meet the guidelines for lending, without wasting time on applications.” For more information on the current lending climate, contact Provision Capital Corporation at 877-545-3221 or visit them online at www.provisioncapitalcorp.com.
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