Best Ways To Get Alternative Funding Fast: Free Guide

So, you’ve got a brilliant business idea that you really believe in, but those boring bankers aren’t willing to back you. But just because a few doors have slammed shut, it doesn’t mean you can’t think outside the box and find funding elsewhere.

We turned to growth capital specialists Alternative Funding Mastery for some insights on why a NO from the bank isn’t the end of the line for your business.

Funding consultants can help you find ways to resolve cash flow issues, bank rejections, or slow credit approval processes. They can offer tips on avoiding common funding mistakes and capitalizing on creative and realistic opportunities for growth and expansion.

Nothing Ventured, Nothing Gained

Venture capital is a great option for making up shortfalls in funding. Within these arrangements, investors offer funding to promising businesses in which they see potential for growth and success. Funding is typically given in exchange for equity in the business.

I Believe In Angels

Angel investing works in a similar way but goes beyond funding to provide mentorship too. Angel investors will commonly use their own money to support new enterprises and are often entrepreneurs with plenty of relevant experience and expertise to help fledgling businesses.

Playing To The Crowd

Another option they suggest is launching a crowdfunding project. These have grown in popularity over the last 20 years, with platforms such as Kickstarter, Indiegogo, and Fundable making it easier than ever to launch a funding campaign.

Alternative Funding Mastery says, “Crowdfunding platforms allow businesses to raise funds from a large number of individuals, typically through online campaigns. This can be a great way to generate capital while also creating buzz and awareness for your brand.”

Banks But No Banks

 If you’ve tried and failed to secure funding from traditional banks, peer-to-peer lending could be the lifeline you need. Alternative Funding Mastery explains how peer-to-peer platforms connect entrepreneurs with private lenders, eliminating the bureaucracy of arrangements with standard financial institutions. However, be warned - interest rates are often higher with peer-to-peer capital.

If you’re interested in learning more about these funding options, Alternative Funding Mastery’s online course delves into greater detail

A spokesperson says, “As an SMB company leader, securing funding quickly can be the difference between thriving and merely surviving. With our online course on obtaining $10K - $2M in alternative funding, you'll gain the ability to address immediate financial needs with confidence and ease.”