Things have changed in the past decade. After significant financial crises, regulations have become more and more strict in the lending industry. Such factors like the Dodd-Frank Wall Street Reform Act and the Consumer Protection Act have drastically altered the banking landscape in recent years.

 

Unfortunately, because of problems caused by big corporations, it really has made it harder for small businesses to get capital loans. In the past, lenders built strong relationships directly with small business owners. The focus was more on what they could do to help their customers get the working capital and liquidity they needed, even if the company was somewhat new or not yet established. Lending decisions were often made on how comfortable the bank was with an applicant, rather than simply facts and figures.

 

These days, there are a lot more regulations and restrictions in place. Bankers complain about the current legislations as an impediment to doing their jobs. In fact, many of them say that 50 percent of their day is now spent trying to make sure all of the regulatory requirements are covered. The other 50 percent of their time is focused on finding qualified businesses to lend working capital to. This makes it harder for some smaller businesses to get the funds they need to grow, even though most banks have the money to spare.

 

At Main Street Business Capital, we look at things differently. We want to bring back that traditional approach to customer service. We want to help small businesses access the operating capital they need. Whether it’s equipment financing or working capital loans to cover payroll and other operational expenses, Main Street Business Capital is focused on finding solutions that achieve the goals of our small business clients.

 

It all goes back to that older way of thinking and putting the customer’s needs first. The way we see it, there are always options and our expertise enables us to cover all the bases and get the desired results. It starts with getting to know your business and establishing a strong standard of communication. Our approach is consultative in nature.

 

Once we understand your business and your business capital needs, we can then put our experience to work. The Main Street Business Capital team will explore every option and make it happen. For example, if you need a new piece of equipment, we’ll review all your leasing, financing or purchasing options to get you what you need in a way that you can afford it.

 

When it comes to getting working capital for your small business, you want a company that is focused on your needs first. That’s exactly what we do at Main Street Business Capital. We’ve learned that when you put the customers first and handle each transaction with professionalism and care, everything works out well in the end. It’s a win-win approach for everyone.

 

Contact us today to discuss your small business capital needs. Let us show you the difference a personalized lending approach can make.