About
Alternative Business Lender
Alternative lending is a way for businesses to borrow money without going through a traditional financial institution. Instead of applying for a loan with a bank, business borrowers apply for financing through online lenders, without having to visit a physical location. According to the SBA, nearly 75 percent of small businesses seek financing within a typical year.
The Smart Small Business Funding Solution
Small business owners in nearly every industry often face a similar financial challenge – they have trouble finding access to unsecured business loans and other forms of working capital funding. For ages, banks have served as the primary outlet to obtain financing. However, the lending market has seen a significant shift from traditional lenders to more efficient non-bank finance companies providing alternative business lending. An alternative lender provides loans, lines of credit, or cash advances to small businesses, outside of the traditional forms of credit offered by a bank, credit union, or the Small Business Administration (SBA).
Advantages
The Biggest Advantages for
Small Business Owners
An increasing number of business owners have discovered that alternative business lending can be the best choice for their financing needs.
According to the Federal Reserve, small business owners are two times more likely to apply with an online lender than large firms. In 2014,
for example, more than $8.5 billion was financed via online lenders, according to the SBA. That’s more than all the previous years combined.
But why? Here are a handful of reasons alternative business lending is the new preferred option for small business owners:
Easier approval
Alternative lenders’ average approval rating ranges between 61 percent and 64 percent, compared to 13 percent to 20 percent for big banks.
Faster approval window
Instead of wait times lasting months, online lenders have approval times that are much shorter – often within 24 hours or less.
Enhanced flexibility
Alternative lenders can offer different loan terms and repayment options than banks.
Various loan types
From term loans to a line of credit and merchant cash advances to invoice factoring, online lenders have a litany of financing solutions that big banks lack.
Less paperwork
Alternative lenders typically require less financial documents and business information from small business owners.
What We Do
Why we are Your Best Option for Alternative Loans
With so many alternative lenders now in the marketplace, it’s important to choose the right online lender for your business’s needs. W don’t just provide funding. We offer financing options that make for a better, smarter small business loan. With us, small business owners get a straightforward application process with minimal paperwork, fast decisions, and funds in as little as 24 hours if you are approved. And if you have a less-than-perfect credit score or you just recently established your business, we will give you an honest look and do our best to help your business.
Plus, there are no hidden fees. We pride ourselves on exceptional customer service and honesty. We make sure you’re aware of the terms and conditions of the loan because you deserve transparency and expediency. It’s part of our patented Smarter Funding commitment.
How do we know our system works? From the success of the small business owners we serve. In fact, nearly 85 percent of our repeat customers have experienced higher revenues after taking a loan provided by us.
At alternativebusinesslender.com, you can trust our services are as good as our name – providing you with the financial services you need to succeed at the time you need it.
Get In Touch
Choose Alternative Business Lender for Your Business Lending Solutions
Simple application process
Business loans of up to $500K2
Receive funds within days
No hidden fees
Flexible loan term options
