Allied Capital Introduces First Online Rules-Based Small Business Loan Application; New Online Application Reduces Approval Time for Entrepreneurs.Business Editors/Banking Writers WASHINGTON--(BUSINESS WIRE)--Oct. 10, 2000 Small businesses looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. loans can now turn to the Internet to get immediate answers to their loan requests at AlliedCapitalExpress.com. Allied Capital Express is the small business lending division of Allied Capital Corporation (Nasdaq: ALLC ALLC Association for Literary and Linguistic Computing ALLC Allied Capital Corporation (stock symbol) ALLC Army Logistics Leadership Center (Red River Defense Complex, Texarkana, TX) ). The new online application targets small businesses looking to borrow from $250,000 to $3 million, or up to $10 million for qualifying businesses in rural communities under the Business and Industry Guaranteed Loan Program. The Allied Capital Express loan application goes further than the standard online loan application by generating a customized term sheet for borrowers. After providing key information, qualifying entrepreneurs immediately receive a response based on the company's digitized rules-based underwriting criteria. The application makes it easy for small business owners to apply for loans online, and enables them to get real-time answers about their loan requests. Unlike many other online loan application sites, Allied Capital Express doesn't rely on any one factor, such as a credit report, to make a decision but rather considers more than 100 factors in determining the overall credit decision and loan product offered to the entrepreneur. "The digitizied loan application is a natural extension of our rules-based underwriting criteria that we have perfected over the last forty years. The application consistently applies our specific business rules and credit analysis to all loans entering our loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. pipeline and is expected to greatly enhance our access to qualified small businesses nationwide," stated Bill Walton William Theodore Walton III, better known as Bill Walton (born November 5, 1952), is a former American basketball player and current television sportscaster. He is the father of current Los Angeles Lakers player Luke Walton. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About Allied Capital Express Allied Capital Express, the small business lending division of Allied Capital Corporation (Nasdaq: ALLC), offers small business loans from $250,000 to $3 million to businesses in a variety of industries including: hotels, motels, gas stations, convenience stores, car washes, restaurants, child care centers, assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. centers, retailers and manufacturers. Entrepreneurs use our small business loans to purchase real estate, machinery and equipment, or an operating business, for construction or renovation of the existing property, to refinance debt, or for additional working capital. Allied Capital Express is the oldest non-bank participant in the SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government 7(a) guaranteed loan program. Allied Capital Corporation manages over $1.5 billion in total assets, employs over 140 professionals and is headquartered in Washington, DC, and has 12 regional offices nationwide. For more information, please contact Tricia Daniels, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition , E-commerce at 202/973-6341 or email to tdaniels@alliedcapital.com. |
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