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The first few years are often the most uncertain for small business income. Without established credit, many businesses find it hard to get working capital. This can make it hard to invest in inventory and facilities, or staff up to establish a solid presence and revenue stream. Even as the owner of a well-established business, you can still have a hard time finding a traditional lender who will essentially take a chance on your company. Many small business owners are turning to alternative financing options such as peer-to-peer lending and online pawn shops.

What about other sources of working capital? Here are four small business financing options you’ve probably never heard of. Online lending is a viable financing option for small businesses without a sparkling or deep credit history, though sometimes at higher interest rates than traditional bank loans. Cash flow loans are usually unsecured smaller amounts up to $50,000 which are available within 1-2 days, and repaid daily or weekly over shorter terms (anywhere from a few weeks to 2 years). The online lending application process eliminates a lot of the back and forth and paperwork associated with banks and traditional lenders. Borrowers can save even more time with simple and easy online applications like the one at QuickBooks Capital , which pulls accounting data directly from the business’s company file to find loans that are tailored to their needs automatically. There are well-known online lenders who provide short […]

 

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