subject: When Do International Business Loans Make Sense? [print this page] The Internet has made the world a smaller place. People, from every part of the globe, can interact on a business or social level, as if they lived in the same town. Mom and Pop store fronts now have a worldwide audience to serve, often to their amazement.
This increased ability to reach people that were never considered in the original business plan, has caused unexpected growth for many companies. As these small companies reach out across borders, they find that they need to expand their merchandise or processing capabilities.
But the economy is not favorable for small businesses to receive loans. Banks have tightened their lending requirements making it near impossible for a small business to receive a loan. Most lending institutions require small businesses to approach them through the Small Business Administration, and the bureaucracy can take months. Who has months when you have an opportunity to expand your business?
Many small businesses are now also looking across the borders for loans. As these businesses have found new clientele around the globe, they are also finding lenders that will help them grow. Approaching a capital international fund for a business loan is no longer an option only for the mega corporations.
International business loans can be obtained for any business. If your business has begun doing business on an international level, you will have an even better chance at qualifying for a loan. You will go through the same processes that you would with a domestic loan, but the lender will be located offshore. International business loans are a great way to get the money you need for your expansion while the U.S. banks continue to sort out the mess from the housing crisis.
by: Cameron Scott
welcome to Insurances.net (https://www.insurances.net)
