Released on: November 23, 2007, 9:38 am

Press Release Author: Sakina Walsh

Industry: Financial

Press Release Summary: Bank lending has been faced with a new wave of competition in
the last decade as a surge of online lending companies and their new benefits have
captured the attention of many prospective financial consumers. This has been
particularly difficult for banks because of the convenience factor web companies.
These companies offer expedient services and often require less paperwork. Banks, on
the other hand, tend to be the most formal and often also the most stringent as far
as bank lending procedures go.

Press Release Body: There are many reasons that banks attract customers. Often,
people already have a relationship with their bank based on their prior banking
needs. They feel familiar and comfortable dealing with a name and people they are
used to seeing. Banks are also the most traditional form of lending. The parents of
today\'s generation often did not have many choices other than a bank. The internet
did not exist, and smaller financial companies were rare. As a result, banks are
often the first source that comes to mind with a person needs a loan. Banks often
offer some of the lowest interest rates available.

There are many drawbacks to bank lending also, especially for the modern consumer.
Where time is one of the most valuable commodities for today\'s business or
individual, banks have the lengthiest lending procedures. They have extensive
paperwork and documentation requirements. Additionally, due to the volume of unsecured bank lending loan requests
they receive compared to relatively few associates, long waiting times are
experienced by potential customers. Additionally, customers are limited to the
bank\'s business hours, which can often create a schedule conflict. Web companies, by
contrast, are available 24 hours a day.

At America Funding, we have fast turnaround times, with approval in as little as 2
business days. You can have cash in your hands in 72 hours, and you can apply online
and access our website 24 hours a day from the comfort of your home or office. We
cut through the time and hassles of bank lending, offering a simple and smooth
lending process. So visit us today
and get started!


Web Site: http://www.venturecapital.20m.com

Contact Details: America Funding Network
P O Box 60882
Chicago, IL. 60660
Phone: (800)457-6785