LAS VEGAS, March 11, 2009 — While big banks refuse to loosen their grip on credit, one business consulting firm wants small businesses to know the news is not all bad. In fact, by working with smaller business banks, Wise Man Finance (WMF, http://www.wisemanfinance.com) is able to provide funding for new and established small businesses in spite of the deepening recession.

Offering revolving lines of credit, streamlined Small Business Administration (SBA) loans and equipment leasing, WMF is filling a need shared by most small business owners and franchisees: the need for easily accessible funding, especially in the start-up stage.

“Big banks are usually tailored to larger dollar transactions, typically $100,000 to $2,000,000. They say there’s not enough profit in working with smaller loans,” explained Joseph Ferriolo, CEO of WMF. “In addition to that, they want to look at the applicant’s financials, they want to see a track record of being in business for at least two years, they want to make sure the applicant is showing a profit, and they want collateral. Many times, that’s a lien on the applicant’s home.”

In contrast, WMF works with new and existing businesses. The firm does not ask for business or personal financials, and even in the case of SBA loans, applicants are not required to provide collateral.

.Reference resource: Click Here.

AEX has recently expanded their commercial finance consulting practice in response to a growing demand by small business owners for specialized help in dealing with more complicated commercial loan procedures and problematic commercial lenders. The AEX business finance consulting efforts are designed to give businesses effective and timely strategies for dealing with the recent turmoil in credit and financial markets.

According to Stephen Bush, Founder and Chief Executive Officer for AEX, “In order to immediately help small business owners resolve many working capital finance complications that have emerged during the recent financial crisis, AEX Commercial Financing Group is devoting increased efforts to ensure that we will be able to assist as much as possible. For example, we have discontinued our small business loan officer training program to allow us to spend more time on individualized consulting with business borrowers. We have also reduced fees for our services in order to make AEX business loan and consulting programs more affordable for small businesses.” Three of the high-priority business funding issues to be addressed by AEX are avoiding problems with SBA loans, refinancing business debt and identifying new sources for working capital financing.

.Reference resource: Click Here.