Alternatives if the Banks Say ‘No’

Alternatives
Sarah owns a small printing business and needs additional capital to purchase new equipment and to hire an extra sales representative. She approached her local bank for a traditional small business loan and was declined. Devastated, Sarah doesn’t understand why her successful business can’t secure a traditional bank loan. Unfortunately, this happens more than you would think. Small businesses are often unable to secure traditional loans to fund growth and get needed cash for expenses. That’s where alternative financing can greatly benefit small business owners. With so many alternative financing options available, your small business can find the capital you need to grow, fund research and development, increase inventory and pay your expenses. Here are the top 5 alternative financing sources for your small business: 1. Invoice Factoring - this…
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