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Business loans group 'to continue helping small firms'
08/03/2007
A business loans company in the US hopes to continue helping small companies "obtain important financing" following a new collaboration.
Business Loans Express (BLX) suggests that its link-up with the US Small Business Administration (SBA) is pleasing and will allow it to "continue unimpeded" in its mission to help smaller firms with financial matters.
Under the terms of the agreement, BLX will submit each transaction to the SBA or an affiliate for review once a loan has been funded.
Robert Tannenhauser, president and chief executive officer of BLX, remarked: "BLX recognises the importance of vigilant measures to guard against fraud in SBA lending and will continue to be proactive in taking the necessary steps to prevent it from occurring."
The company will continue to process the business loans under its national preferred lender status, he added.
BLX and its predecessors have "originated more than 10,000 loans" over time, which, according the company, equate to more than $5 billion (£2.58 billion).
Business Loans Express (BLX) suggests that its link-up with the US Small Business Administration (SBA) is pleasing and will allow it to "continue unimpeded" in its mission to help smaller firms with financial matters.
Under the terms of the agreement, BLX will submit each transaction to the SBA or an affiliate for review once a loan has been funded.
Robert Tannenhauser, president and chief executive officer of BLX, remarked: "BLX recognises the importance of vigilant measures to guard against fraud in SBA lending and will continue to be proactive in taking the necessary steps to prevent it from occurring."
The company will continue to process the business loans under its national preferred lender status, he added.
BLX and its predecessors have "originated more than 10,000 loans" over time, which, according the company, equate to more than $5 billion (£2.58 billion).