I have seen what restrictions some alternative lenders impose. #GoCarefully #Accounting
8 Questions Business Owners Should Ask…
8 Questions Business Owners Should Ask Alternative LendersAt some point, most small business owners will need additional cash flow for their businesses, whether it’s for building expansions, covering seasonal payrolls or simply purchasing new pieces of equipment. The first step for many business owners is often seeking a traditional loan from a bank or credit union; however, there are many cases when even a successful, growing business has trouble getting funding in a traditional manner. In this case, the next step would involve seeking alternative sources of funding. Hundreds of “non-traditional” lenders have sprouted up in the last five to seven years to fill this market need, creating more options than ever before. As this is a…Read More
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