IMN Direct Business & Real Estate Loans: Thinking of Applying for Business Capital or Business Loan in 2017. Think Again !!

More and more people are turning to alternative lending places for merchant cash advances and short term capital loans. Why ? Banks do not want to take a gamble in this economy. So we depend on these alternative lenders who get their funds from major banks such as Bank of America and Wells Fargo to fulfill the demand. But what happens if alternative funders go away. Yes your right, businesses go under. That's really bad !!

In 2017 things are going to be a little different, Alternative funding is getting harder to get approved. More paperwork, more headaches and so on.

One of the major players who started the alternative lending industry has stopped lending money. There money source was Wells Fargo Business Loans. They no more provide business loan capital to CAN Capital.

In an exclusive interview deBanked conducted with DeMeo last year, he said of CAN Capital at the time, “it’s a self-sustaining business. We’re not forced to approach the capital market to cover our burn rate. We’re cash-flow positive.”

But more recently, there’s a different tone. A spokesperson for CAN said that the company had “self-identified that some assets were not performing as expected and that there was a need for process improvements in collections.” The sudden decapitation of the company’s top officers seems a harsh consequence for this apparent underperformance, especially given that CAN has long been on the short-list as a potential IPO candidate. DeMeo himself had been with the company since 2010, having started originally as the CFO and rising to the CEO position in 2013.

While CAN Capital is a private company, they are notable in that they have originated more than $6 billion in funding to small businesses since 1998 and secured a $650 million credit facility led by Wells Fargo Business Loans just last year.

Although merchant cash advance might be your only alternative if your company is not bankable, in 2017 terms and restrictions will be much harder. My advice get your capital in 2016 and get it ASAP. Make all your payments on time so if your ever in a jam you can just pick up the phone and get funded in hours.

If you are one of them people who need capital give us a call today and let us discuss your options. We have a friendly staff and would love to assist you in your funding needs. Call us at 609-365-0001 IMN Direct Capital Funding.

Dont wait till its too late !!