If you’re a small business owner in South Florida, you may have experienced difficulty obtaining financing from traditional lenders such as banks. Fortunately, there are alternative lending options available that can help you access the funds you need to grow your business. Here’s a guide to some of the top alternative lending options in South Florida, including the cities of Fort Lauderdale, Sunrise, Coral Springs, Davie, Coconut Creek, Parkland, Hollywood, and Weston.
Merchant Cash Advances (MCAs)
Merchant cash advances are a type of alternative lending that provides businesses with cash upfront in exchange for a percentage of future sales. MCAs can be a good option for businesses that need quick access to funds but have poor credit or limited credit history.
Invoice Financing
Invoice financing, also known as factoring, is a type of alternative lending where businesses sell their outstanding invoices to a lender at a discount in exchange for immediate cash. This can be a good option for businesses that have outstanding invoices that they need to collect on but don’t want to wait for payment.
Equipment Financing
Equipment financing is a type of lending that provides businesses with funds to purchase or lease equipment. This can be a good option for businesses that need to upgrade their equipment or purchase new equipment to expand their operations.
Small Business Administration (SBA) Loans
SBA loans are government-backed loans that are designed to help small businesses access funding. The SBA partners with banks and other lenders to provide loans to small businesses that may not qualify for traditional bank loans.
Online Lenders
Online lenders are a newer form of alternative lending that provides businesses with access to funding through online platforms. These lenders may offer a variety of loan types, including term loans, lines of credit, and MCAs.
360 Business Capital services all of South Florida, with the ability for physical consultations, and the rest of the United States by means of remote communication.
Our company offers a variety of alternative lending options, business capital & services, including MCAs, equipment financing, lines of credit, consolidations, and term loans.
In conclusion, alternative lending options in South Florida can provide small business owners with the funding they need to grow and expand their operations. From MCAs to invoice financing to SBA loans, there are a variety of lending options available to businesses in the cities of Fort Lauderdale, Sunrise, Coral Springs, Davie, Coconut Creek, Parkland, Hollywood, and Weston. By exploring these alternative lending options, small business owners can find the right financing solution for their unique needs.
If you think this financial solution might be right for you and your business then reach out to us. That way we can discuss a few options for you to choose from. 1-844-222-2900