SOURCE: Horizon Business Funding

Small Business Funding Done Now

October 10, 2013 08:15 ET

Horizon Business Funding Announces Increased Support for Spanish Speaking Entrepreneurs

NEW YORK, NY--(Marketwired - October 10, 2013) - Horizon Business Funding is a business funding company specializing in alternatives to bad credit business loans and providing business funding to those who have difficulty qualifying from traditional banks.

Hispanic entrepreneurs are a fast growing demographic in the US, with the total number of Hispanic owned businesses reported as doubled since 2002 by the Hispanic Chamber of Commerce. Female Hispanic business owners in particular are reported as increasing at three times the rate of any other demographic in the country. In light of this truly impressive rate of growth, Horizon Business Funding is proud to report that it is in the process of expanding the range of Spanish language support available to clients both on our website and among our sales force. Minority and female business owners have a statistically harder time applying for traditional bank loans, and with the SBA suspending most operations due to the current government shutdown as well as increased due diligence on the part of traditional banks since the recession, alternative sources of capital are playing an increasingly important role in allowing these businesses to grow.

Meir Hurwitz, CEO of Horizon Business Funding, commented on the increased support initiatives, stating, "It is important that the growing presence of Hispanic business owners in the US is acknowledged and accommodated by institutions providing capital. These business owners will create jobs and contribute to the improvement of the economy if they are allowed to expand with access to credit. By increasing the Spanish language support offered by Horizon Business Funding, we hope to better serve these entrepreneurs and contribute to their success." 

About Horizon Business Funding

Horizon Business Funding is a provider of business loan alternatives in the form of merchant cash advances to small business owners, regardless of bad credit or other issues traditional banks use to disqualify funding applicants. We require no personal guarantees of collateral. The fact that we require no collateral from a business loans us a competitive advantage, as we can approve much faster. We fund businesses in any industry provided they have been operating for at least 2-3 months and have a monthly cash flow of $15,000. The efficiency of our underwriting department in vetting merchants with bad credit or in traditionally "high risk" industries including, but not limited to, trucking, liquor stores, construction, commercial fisheries and the automotive industry gives our representatives and the ISO agents we work with a decisive edge through the ability to get small business owners the funding they need when nobody else can. By promoting our core values of professionalism, efficiency and work ethic Horizon Business Funding has experienced exponential growth and is continuing along this trajectory.

Contact Information

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    Andrew Greissman
    Media Liaison