There are many types of small business funding that can help business owners managed unexpected expenses or take advantage of opportunities to grow. Between traditional SBA and bank loans and innovative alternative funding options, it can be difficult to understand what type of funding is right for your business.
SBA loans are commonly recommended because of their favorable rates, longer terms, and larger funding amounts. However, despite these advantages, SBA loans come with some singificant drawbacks as well, including extensive and invasive applications and a lengthy approval process.
There are a number of alternative funding options available to businesses who need funding quickly, are seeking a smaller loan, or who don’t meet the strict approval requirements of the SBA and other traditional lenders. To help you select the right funding option for your business, we shared our expertise with the online business community at Tweak Your Biz. Read the full article to learn:
- What is alternative lending?
- When does alternative funding make sense for your business?
- Popular alternative funding options, including merchant cash advances and invoice factoring
The Secrets to Running a Successful Business
Fast-track your business success by watching this informative webinar hosted by Jordan Fein, CEO of Greenbox Capital.
