"Small businesses can choose from plenty of financing options other than applying for a bank loan. In today's financial climate, banks are getting circumspect about giving loans to new businesses and those that have very little credit. Therefore, it makes perfect business sense to look for alternative financing options that do not ask these businesses to conform to stringent regulatory norms and which also make available the required funding quickly and conveniently.
This Infographic discusses financing alternatives for small businesses including invoice factoring, merchant cash advance, and equipment leasing financing. It compares all three options on the basis of approval times, rates, terms, and documents required and also adds bank loan to this comparison mix. At the same time, it also takes a closer look at invoice factoring as a financing alternative.
The idea is to offer more information on reasonably priced financing that every small business wants. A small business doesn't want to get caught in a situation where in its progress is thwarted for want of funding. This is why it needs to keep exploring newer avenues for financing its business, sometimes it's the non-traditional means of financing that help reap the richest dividends.
By going through this Infographic, small business owners will get an idea of the options available to them, if they are looking for funding."