3 Small Business Financing Alternatives To Bank Loans

Securing small business financing can be challenging for entrepreneurs. For many new and small business owners, bank loans are not always in the picture. For whatever reason traditional lending channels are not an option, there are a number of small business financing alternatives available.

SBA Loans

SBA loans are very versatile, and can be used for everything from working capital to acquiring equipment, and even commercial real estate. While SBA loan applications are sometimes processed by traditional lending institutions, their internal restrictions and bureaucracy frequently extends that processing time. However, finding a lender who holds the title of “Preferred Financial Services Company” among SBA lenders can expedite loan requests to get the funds disbursed quickly, and with the most competitive terms and rates.

Unsecured Lines Of Credit

Most new businesses have trouble getting access to unsecured lines of credit. But there are special unsecured lines of credit which can be made available to new businesses, even if they do not have a long-established history of financials or impeccable credit ratings. Unsecured lines of credit can be structured around the overall profitability of the business, as well as receivables and other factors which are frequently overlooked by banks. Having access to unsecured credit is essential to growth, which makes it one of the best small business financing alternatives.

Purchase Order Financing

Purchase order financing is a method by which small businesses can carve out a larger market share and take on big customer orders without placing a strain on cash flow. Purchase order financing is an advance of working capital used to complete large orders. Once the order is filled, the customer pays for the financing, because it is rolled into the final invoice. The amount remaining is then delivered as revenue to the business. Larger orders means more revenue, and since the customer ultimately pays for the financing, it is one of the quickest way for small businesses to grow in a competitive marketplace.

Where To Find The Best Small Business Financing Alternatives

Vantage Commercial Capital provides the best small business financing alternatives. From SBA loans and unsecured lines of credit, to purchase order financing and much more. If you are looking for small business financing alternatives, or if you want to sidestep the red tape of traditional lending channels, contact Vantage Commercial Capital. Out team will work with you to create a customized financing solution to help you meet your goals.