Finance & Lending

 

06 06 2014

06 06 2014

The Benefits of Alternative Lending

Every business owner knows that at some point in their career as a company leader, they’re going to need some financial help. Whether a business is attempting to expand, is trying to take on more staff or is struggling to make ends meet, gaining access to small business working capital is essential for survival. As many know, however, getting approved for these funds can be a challenge, as banks and other large financial institutions impose strict lending standards, making it hard for normal business owners to get their hands on the money they need. There is another option for those looking for business capital – alternative lending. Here are a few benefits of nontraditional lending:

Greater ease of access

Unlike traditional banks, alternative lenders like National Funding offer relaxed credit requirements for those seeking a small business loan. Company decision makers in a financial tight spot can approach these alternative lenders knowing that they will be treated like individuals rather than a number. Alternative lenders will take into consideration the state of a business, the reason a company leader needs a loan and the potential for repayment, not just a credit score.

Flexible loan repayment terms

Because alternative lenders are not monitored under the same regulations as large scale banks and credit unions, they can offer greater flexibility when it comes time to repay a loan. A business owner can sign up for a longer loan term – even for small sums – and repay gradually over time rather than committing to a loan they will struggle to repay.

Alternative lenders also offer other compelling financial options for entrepreneurs in a bind such as small business cash advances and equipment leasing options. Those interested in finding out more about the scope of options available to them should reach out to National Funding today.

Featured


  • Small business tax deductions

    3 Small Business Tax Deductions You Need To Know

    With the tax filing deadline fast approaching, some small business owners are working through their financials and combing through the tax code. No matter the type of business you operate, a few tax tips can mean a lower financial liability and a return that's more strongly in your favor. Here are some last-minute suggestions to… […]

  • Small business marketing guide

    Small Business Marketing Guide – Improve Your Marketing Program

    Take advantage of the power of marketing by downloading National Funding's Small Business Marketing Tips eBook. A solid small business marketing strategy helps ensure that owners in any industry can potentially turn a minor investment into major sales opportunities. Unfortunately, too often, many small business owners mistakenly think they don't have the resources or tools… […]

  • Choosing a restaurant location

    How To Choose A Prime Location For Your Restaurant Business

    Restaurants can thrive when they're in a good location and suffer when they're in a less-than-optimal one. Changes ranging from the preferences of customers to downtown development and the closure of nearby businesses can all have an effect on the number of tables a restaurant serves each day. The influence of those factors means you… […]

  • Earth day benefits for small businesses

    How Can Small Businesses Benefit From Earth Day?

    Earth Day falls each year on April 22. This celebration of the planet focuses on protecting the environment and being conscious of decisions that impact local and global ecosystems. The holiday can have an equal focus on the actions of individuals and businesses, so there's no reason your company can't take part in Earth Day… […]