Alternative Small Business Financing

Alternative small business financing offers business owners another option when their conventional banks turn them down.

When business owners want to expand, renovate, or increase their ROI, they usually understand the power of using OPM (Other People’s Money) to do so.  Most business owners initially get spooked by the higher interest rates when it comes to this kind of financing.

With a solid business plan in place, why wouldn’t you borrow $50,000 over 1 year or 2 years if you were able to increase annual profit by over $100,000 / year?  Seems like a no brainer right?  It has been done before and will be done again by savvy business owners.

Top 3 Advantages of Alternative Small Business Loans over Traditional:

  1. Flexibility – The best part is that alternative lenders realize not every borrower will fit within the conventional guidelines.  With alternative lending, the underwriting is flexible. Poor credit, tax liens, and even recent bankruptcies may be overlooked if there are solid compensating factors.  Time in business, consistent sales volume and decent cash flow can be major compensating factors.
  2. Fast – No longer do you have to wait weeks to months to get your funding from your conventional bank.  These types of loans are FAST!  You can usually receive an approval within 24-48 hours and fund within 1-2 weeks.  Let’s face it; sometimes a business owner needs capital right away but isn’t in a liquid position.  Through this type of loan the money can be in your bank account in days.  Now that’s fast.
  3. Dependable – You can get honest, professional advice as lenders want your business.  Some providers, like National, have a 90% approval rate. There are no upfront costs at all.  Millions have been lent to small business owners through Alternative Lending and this type of financing will continue to be a popular option.

National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.

Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!


About the Author, Megan Capobianco

Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.

Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital & Services and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.