Sunday, 18 January 2009 00:00

It's too bad that Decorize, Inc. of Springfield, Mo. didn't know about MoneyPath before beginning its search for a loan.

Springfield Business Journal (SBJ) reports that the CEO of the local home furnishing wholesaler spoke with five different local banks with no luck of acquiring a lender. Either the banks weren't interested or the interest rates weren't practical.

SBJ editor, Eric Olson said "It's a really interesting situation where we have this small business that's anxious to expand and just needs a line of credit to do so, but (Decorize, Inc. is) hitting road blocks out there in the market.”

Well, I think it's a really interesting situation that so much time could be saved for businesses in this situation with the use of MoneyPath. Who knows how many weeks that CEO spent meeting with these banks only to either be turned away or be given an unfeasible offer.

With lenders and businesses both becoming more particular, matching is bound to be very particular. It’s not impossible to get a commercial loan right now, but the process is likely to be longer with some higher obstacles. MoneyPath's matching system is the perfect tool to get you over those obstacles. Don't spend your time searching out banks who are going to reject you. Let MoneyPath tell you which banks want you.