3 Benefits of Alternative Financing for Small Businesses
“We are at a point today where banks have been unable to compete in the alternative market [due to their restrictions on the regulatory and technology front], which has limited their ability to adapt and change to provide more complex products with faster turnaround times.” — Heather Francis, CEO.
Here are three of the most standout benefits the alternative finance space offers small businesses:
- More options. The alternative finance market specializes in niche, boutique products built specifically for business owners with a variety of needs and backgrounds. No matter your financial history, credit score, or your current revenue, there are numerous quality products available to you in the alternative space.
- More attainable qualifications. It is often easier to qualify for and receive alternative funding than traditional finance products. Generally, alternative funders prefer to focus on the sales you’re making now instead of worrying about your past financial difficulties. In addition, most alternative funders only ask you to provide the documents deemed absolutely essential to prove credibility and your ability to repay (Click here to learn the 4 documents you need to gather up before submitting your application with us).
- Faster turnaround. Another key benefit to alternative funding is the unique ability to disburse funds FAST. When applying for a traditional bank loan, you typically don’t see the funds hit your account until weeks, if not months, later. With our specialty, the Merchant Cash Advance, we are able to wire your funds within 24 hours of your application being accepted. Less red tape, less headache, less hassle.
Seeking funding for your business shouldn’t have to be disheartening.
We want to make the process as simple as possible to allow our applicants more time to focus on the things that really matter.
When you select us as your funding provider, you are placing a safe bet on your financial future. We want to see our merchants succeed, and we will do everything in our power to work with you on your specific needs. We know small business, and we’re here to help.
If you need funding and wish to speak to someone now, please call us at 888-382-3945 or click here to send us an inquiry. One of our teammates will get back to you as soon as they are available.
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Revenue-Based Finance is formerly and alternatively known as Merchant Cash Advance, or MCA.
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