Can’t Get Business Credit? Consider Alternative Financing

By Elaine Pofeldt

In an ideal world, you’d be able to turn to your banker or business credit card to borrow money any time you needed it for your business. But not everyone has a long enough credit history or a high enough credit score.

If you’re losing sleep because you need cash quickly and traditional sources are not working out for you, it may be worth considering alternative financing. The interest rates and fees can be significantly higher than for a traditional bank loan or on a great business credit carddeal, but they can come in handy in a cash crunch.

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