A recently new service made available to small businesses in the US is called Small Business Loan Options. They help make it faster and easier for businesses to get small business loans. There have been other sites and services making this same claim, so this is not a new idea. It's not what they do that is new and unique, but how they do it.
Other services that appear to be just like this one are lead aggregators. They buy and sell leads. They basically work for business funders and lenders. They are paid to deliver a certain number of leads to the lenders who've signed up with them. The problem with this system is really pretty easy to pinpoint. They work for the lenders, and only make money by satisfying their needs and sharing the private information of its users as many times as possible. These companies earn money each time that they deliver your information to a business funding source.
You can see how this makes things a bit difficult for the user, since obviously they end up delivering your information to the highest bidders. You'll end up talking to banks with high rates, since they're likely to be the ones with the biggest budgets. Your personal privacy also has to be considered in all of this. These lead generation companies will sell your information as many times as they can, sometimes up to 10 times. And why wouldn't they, since they're compensated for delivering expressions of interest.
Small Business Loan Options is different because while, yes, they get paid by lenders and business funding providers to deliver expressions of interest, their system is set up differently. They let the user dictate, first of all, how many lenders they want their information shared with. This is a big plus when it comes to privacy. If you want, you can test it out yourself. Fill out a form online, and if you specify just 1 lender, you'll only get 1 phone call regarding your inquiry. If you specify 5 lenders, they
The other, main benefit of their system is that it's not set up to deliver your information to the highest bidder. It's set up to match you with lenders based on the business profile that you fill out. This means that you're only matched with lenders who have the greatest chance of being able to get you approved for the deal that you want.