Finding capital for your company when the banks and other traditional lenders have all turned you down isn’t as tough as it was 10 years ago. There are a number of options to consider and what you decide to go with will depend heavily on your company’s current financial situation and future forecast.
Factors like credit worthiness, company assets, future earnings, inventory, your own personal assets and savings, and the amount of credit currently available to you are all important things to consider when deciding on what option to choose.
Alternative small business lending options
Here’s 8 common alternative lending options a small business should consider when the banks won’t touch you: