The president of a prominent organization assisting small businesses asked this question not so long ago, "How do you define “Alternative Funding”?". The response she received helped her decide that this was something she needed to learn more about in order to better assist her clients.
What is Alternative Funding?
Alternative Funding is defined as any financing option available to a entrepreneur or investor outside of traditional institutions/options, i.e.: banks and banking products. These options are not provided by banks (traditional lenders) but through private companies or individuals.
Alternative Funding options are created through a need that is not easy fulfilled and someone realizing that there is a need and figures out a way to fill that void. With that, you have options based on niche markets or niche transaction based funding. These options includes Merchant Cash Advance, Purchase Order Financing, Microloans, Commercial Private Financing and other Real Estate related financing. Be sure to understand your business methodology before approaching a particular alternative financing source.
By Karlene Sinclair-Robinson
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To all guest visiting this blog for the first time, I welcome you. This blog site will endeavor to post valuable and meaningful articles and information to guide you. It is my hope that you learn something of value from visiting Accessing Alternative Business Capital Blog. I look forward to reading your comments. Do not hesitate to contact me with your questions and thoughts.
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
Wednesday, October 6, 2010
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Spank The Bank: The Guide to Alternative Business Financing
The Small Business Owner's Guide to Alternative Funding
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