VIP Biz Center.com - Business Tips
Finding Non-Banking Lenders:
The national non-bank lenders that do the biggest volume of loans guaranteed by the U.S. Small Business Administration are:
AT & T Small Business Lending Corp.1-800-221-7252
Heller First Capital Corp. 1-800-347-6430
Money Store Investment Corp. 1-800-722-3066
GE Capital Small Business Finance Corp. 1-800-447-2025
These companies may not be the biggest non
bank lenders in your area, however in some localities, the dominant non bank lender is one
that operates
regionally rather than nationally. For example, Business Lender (1-800-646-7689) based in
Hartford, Conn., is the largest non bank lender and the second largest SBA lender in the
Connecticut market.
Options for small business loans are expanding
as established national non bank lenders open new offices. Heller added three cities in
the past year. American Express began offering financing for business equipment to its
corporate card holders.
How do you find the non bank lenders in your area? Call your nearest SBA office for a
list, or get referrals from a business professional you have dealt with - an accountant or
a real-estate broker. You may want to get more than one non-bank involved so you can
compare rates and terms.
