Category Archives: Unsecured Small Business Loans

Top reason for alternative working captial

Top Reasons For Using Alternative Working Capital Loans

Reasons for Alternative Working Capital Loans As your business begins to grow, you are going to notice that its cash needs grow along with it. Even though you have a good amount of inventory or even large orders to fulfill,

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Small Business Lending Risks

High Risk Small Business Lending

Within the last 10 years the market for high risk small business loans has increased dramatically. One of the main reasons is because banks are not lending to small businesses. This is due to regulatory constraints and “old school” underwriting.

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3 Reasons To Consider Working Capital Loans

3 Profitable Reasons To Consider Unsecured Working Capital Loans

Small business owners who are not taking advantage of unsecured working capital loans are putting themselves at a great disadvantage. By depending on personal resources to pay for the operational costs of a business they will never truly realize the

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Launching a small business venture is exhilarating and liberating. There is an innate joy in seeing a business idea come to life, but the process can be tough, notably in the financial department. Understanding that you have alternative business loan options is important. Starting a small business takes dedication, savvy and creativity, but a sizable amount of capital is also required to take the business from your head and into the market. If you don’t have an extremely generous angel donor, aren’t a successful serial entrepreneur and don’t want to remortgage your home, you’re most likely going to need a loan to get your small business off of the ground. But when you’re in search of the ever-elusive money trees, traditional banks may not be the best bet for a future small business owner.

Alternative Business Loan Options

The blunt truth is that getting a small business loan is never easy, and it’s been even more difficult since the financial collapse of 2008 and the lingering repercussions. Banks are lenders, not investors, so they want some kind of assurance that your business can repay the money they lend you. In other words, without a track record of financial reliability, the bank has no way of knowing the venture is going to be successful.

So, just like you used your creative problem solving skills to recognize a gap in the market, put those skills to work finding an alternative lending option. Fortunately, there are some ways to get that initial cash injection, other than burning through your savings or soliciting loans from friends and family.

Alternative Business Loan Options

As of late, crowdfunding websites such as Kickstarter and Indiegogo have seen a surge in popularity among those looking to finance small business ventures. These sites are a simple way to promote your cause and request donations through your social media network. Of course, this method can be time-consuming and a little unreliable—if you don’t reach your campaign goal within the designated time period, you lose every penny.

Alternative Business Lenders

Another option is to connect with a nonprofit microlender, such as Opportunity Fund, an organization that is dedicated to building financial stability, and is now California’s largest leasing microfinance provider. According to Bloomsburg Businessweek, the organization is making several times as many loans as it did five years ago.

For people looking to get their small business operational quickly, Delaware-based alternative lending broker Small Business Funding is a solid choice. The loan application process takes place entirely online and can be completed in minutes. Smallbusinessfunding.com typically finds lenders who provide funding to businesses with less than ten employees and an average loan size of $25000 with a term of 5 months.
These alternative business loan options are worth considering if a bank loan is out of the question and your small business needs quick cash.

Unsecured Medical Practice Financing

Running a medical practice has the same headaches as any other business.  Setting up a medical practice can be extremely expensive. While most doctors are deemed to be less risky to loan to, banks will still require collateral for extending

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Business Revenue Funding

Small business owners have reached their limits when attempting to raise capital beyond friends and family. Their only option that they are aware of are banks, and more than not they are met with voluminous document requests, collateral requirements, and

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What Are Alternative Business Financing Options?

In today’s small business environment the search for alternative business financing options has gotten much easier. With the help of the internet and the growing popularity of the alternative lending space an alternative business financing solution is only a few

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Alternative Funding Options For Small Business

Thank god for small businesses. They are the economic engine that keeps our country rolling. Small businesses are the primary source for new hires and economic growth in our country. It is important that society provide as much support as

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Loans For Contractors

The housing boom may not be back but there is a huge uptick in contractors in need of business capital to fund projects. The construction sector is growing steadily and the demand for capital to help fund contracts is as

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Unsecured Working Capital Business Loans

Unsecured working capital business loans sound like an extremely risky type of loan for any banking institution. And, they are. An unsecured business loan is put through the “ringer” so to speak by banks especially within the last 5 years.

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