Alternative Business Loans
All Business loans is your first stop for all alternative business loans. We provide a hassle free process that indirectly connects you to the nations top alternative lenders. Alternative business loans allow for fast funding to small business owners all over the country and help with cash flow by securing the capital your business needs to grow. Whether its for inventory, new hires, upgrades, expansion or just working capital we can get you between $2500 and $500,000 within 7 days.
Alternative Business Loans and What To Expect
Any type of funding outside the traditional bank loan can be considered an alternative loan. Primarily, All Business Loans works with those lenders that provide merchant cash advances, factoring, and unsecured revenue based business loans. What they all have in common is they are all unsecured, all short term, and require no personal guarantees. Alternative business loans tend to be for those business owners who cannot get a bank loan. This could be due to their credit, time in business, capital requirements, lack of documentation, or simply a need for fast capital (in less than 10 days).
What To Expect From Alternative Business Loans
When securing alternative business loans you should know what you are getting into. These are unsecured loans and considered very risky. They are also processed extremely fast. Because of that the rates or cost of the funding is more expensive than a traditional bank loan. Alternative business loans do not have APR’s associated with them; just a flat fee on the borrowed money. These rates will range between 19% and 48%. As an example, if you borrowed $10,000 you would repay $11900 to $14800. The time frame, or term, to repay alternative business loans is also much shorter. Where banks give you 1-5 years these loans are repaid between 3 and 18 months. In addition, the payments are daily each weekday until the loan is paid in full. With this information in hand you should use this money for it’s specified purpose as soon as you receive it as you will be paying it back almost immediately. If you are solving a business issue with this funding or will be making a good return on your investment (with the proceeds of the loan) these make sense. Regardless, All Business Loans will act as your single point of contact for all your alternative business loan options. We will make the process efficient by knowing how many lenders and which lenders to send your file to.