Alternative Financing - When the Bank Says "No" (Series: BUSINESS BORROWING BASICS)
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Just because the Bank says “No” doesn’t mean a business is out of options. Even before the Great Recession there were plenty of “alternative” (non-bank) lenders but the number exploded in the past several years. Peer-to-peer lending, alone, came out of nowhere just a few years ago to become a major source of financing for millions of businesses. And this new business model is just the latest entrant into the larger category of what is commonly called “alternative lenders.” Indeed, just listen to a business radio station, go to a business-focused website, or open your morning mail, and you are likely exposed to all sorts of advertisements asking you if your business would like a loan- fast and with few questions asked. This webinar paints a picture of what the alternative lender landscape looks like, how to access it, how to assess individual lenders and discusses the pros and cons of going various routes.
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