Alternative Financing
Alternative financing refers to getting business capital from a source other than a bank, a private party or an investor, all of which are considered to be sources of traditional financing (or “lenders”).
Most lenders require that business owners meet strict credit and collateral requirements before they can qualify for any form of traditional business financing, which isn’t often easy for a small business owner to do. This makes many business owners look beyond the rules and limitations of lenders and traditional lending; these business owners seek to find an appropriate alternative to traditional financing.
Try a Merchant Cash Advance
AMI specializes in offering an alternative to financing for many different types of small businesses. Our Merchant Cash Advance offers business owners both flexibility and expediency: important things that traditional business lenders typically can not provide.
A Merchant Cash Advance involves the sale of a business’ future credit card sales, which is for many, the right financial alternative. This is not a form of business financing like a loan, a lease, or factoring accounts receivables, but a proven alternative. Financing from a lender, as you can see, is not the only way to get money for your business needs!
When looking to secure financing, many small business owners find that they lack the necessary credit scores or collateral. A traditional lender is usually very strict, and will reject an applicant who cannot meet an established minimum for both of these standard lending requirements.
A Merchant Cash Advance does not require any personal collateral. And, while a credit score is reviewed as part of the qualification process, a credit history does not hold the same weight in qualifying for a Merchant Cash Advance that it does in qualifying for traditional financing…which is great news for many small business owners.
A Merchant Cash Advance does not demand immaculate credit because it is a financial alternative. Financing options and lenders are governed by a different set of rules and regulations, and typically have much less flexibility.
There are many different financial scenarios that will face each small business owner. While business financing options (like a loan, lease, or line of credit) might work well in some cases, in many, they simply won’t. This is why it is smart to know as much as possible about alternative financing and any other financial options you might have available.
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