Good news for the Merchant Cash Advance Industry. Although, EZ business loans focuses on credit card based business loans, these loan types are still a subtype of an asset-based loan. However, there is excellent news, “Asset-based lending, once considered a last-resort finance option, has become a popular choice for companies that don’t have the credit ratings,” says Tom Pittman of Wall Street Journal, Small Business, Finance.

The sudden increase of asset based lending swelled by 8.3% to 600 Billion in 2008 alone, percentages in 2010, however are still processing, but none-the-less are in the double digits. The increase of asset-based lending is due to the fact that asset-based lenders focus on collateral, or future sales in this case, rather than the credit-worthiness other banks focus on. In other words, EZ Business loans and similar lenders are taking the risk on businesses that traditional lenders wont.

These programs are no longer a “plan b” in this economic climate. Michael Sharkey, president of Cole Taylor Business Capital, states, “We should really be viewed as the fireman of this crisis, because we took risks that a lot of companies wont take”.

Conclusively, industry growth rates are steadily increasing, and because of the recession, most suspect that this will remain. More on this story as it unravels. In the mean time, count on EZ business loans for your lending needs.

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