New Brunswick, NJ – Small business loans originated via online lending portals such as BizCapRX.com are now a huge area of growth serving most small businesses including restaurants, a business niche which has always been a difficult area for bank funding. But companies like BizCapRX have become favorites among small business owners who need sources of capital. See here http://bizcaprx.com/
Banks in the U.S., for the most part, are making far fewer loans to small businesses than they did a decade ago. Together, ten of the largest banks that small business loans did only $44.7 billion in small business loans in 2014, which was down 38% from the peak of $72.5 billion in 2006, according to published reports. That is indicative of the trend since the 2008 financial market meltdown.
Numerous specialty small-business lenders and online lending platforms have emerged in the United States in the last few years. Online lenders originated approximately $4.6 billion in small-business loans in the U.S. in 2014, but that figure is forecast to grow to $47 billion in 2020, according to analysts at Morgan Stanley.
Online small-business lenders have been criticized for the high interest rates they charge borrowers, but the fact is that rates vary widely depending on the lender as well as the loan product offered. Many online lenders offer traditional type collateralized loans and non-collateralized loans for qualified borrowers, but there are also more expensive options for less-qualified borrowers for a variety of revenue-based funding products including the merchant cash advance, also known as a business cash advance.
Online lending is taking off in a big way in 2015. Even J.P. Morgan Chase & Co., the biggest bank in the U.S., announced last week it is partnering with the online alternative lender OnDeck Capital Inc. to offer loans to its small business customers.
BizCapRX now offers a small business loans affiliate program, which is a high-paying affiliate program designed to accommodate referral partners as well as online marketers. More information can be found on the company website.
BizCapRX.com is an automated online small business loan resource platform connecting small business owners with lenders. BizCapRX.com serves small business owners from all 50 states in over 750 industries and is based in New Brunswick, NJ.
BizCapRX.com provides an online small business finance referral-marketing platform affiliated with one or more top-rated online specialty financing and cash flow management companies. These companies, and not BizCapRX.com, provide funding to businesses in the form of working capital loans, unsecured loans, merchant cash advances, and factoring as well as other alternative forms of financing as determined and offered by these 3rd party financing companies. BizCapRX.com is not a lender or funder. BizCapRX.com does not make credit decisions or funding decisions, does not interact with clients and functions strictly as a marketing referral agent for 3rd party funding companies.