Alternative Funding
Alternative funding can be defined as
Non-traditional form of funding that allows small business owners to get cash flow without traditional banking assistance”
It includes:
- Loans/Grants
- Non-Banking Finance Companies
- Venture Investments
- Competitive Platforms
Reasons To Pursue Alternative Sources
- Lack of assets to offer as collateral for loans
- Lack of assets to offer as collateral for loans
- high interest rates on traditional sources
- Comparatively less time consuming process
- Comparatively less documentation required
Alternative Funding Options:
Pitch Competitions
Online Lending
- Business plans are proposed to the investors to gain pitch
- Many Companies/Individuals Lend Capital Through Online Platforms
Benefits Of Alternative Funding
- Low Interest Rates
- Flexible Terms & Conditions
- Longer Repayment Duration
- Fast Approval
Transparent Pricing
