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8 Industries That Can Grow Through Alternative Funding
1.
2. Introduction
This slideshow is related to the 8 Industries that can surely grow through
Alternative Funding. All these industries primarily comprise of Small along
with Medium sized firms that have the capacity to become magnificent
revenue generators within a few years time. Thus, they can be supported
with Alternative Funding.
3. Internet Industry
The internet industry includes an organization which provides Internet-based
services such as search engines and media along with broadband and dial-up
services which can be used the consumers to operate the net. With the advent
of the internet, the interchangeability of information and data has also gone
up. This has increased the flow of information all around the world, thus
bridging the communication gap which existed before.
If you have an internet industry and are looking for funds in order to back your
organization and any new ideas you have, then you cannot go wrong with
alternative funding. The application process for alternative funding is quite
simple and easy to follow. The entire process is online as well and you can have
your required funds in forty-eight hours. The interest rate is also comparable to
the bank loans but the approval rate is high, making it a more practical option
over traditional loans.
4. International Affairs Industry
International affairs sector includes work in the international sector. The
industry conducts the study on the interconnection of politics, economics, and
law on the international scale. The field of international affairs depending on
the academic discipline and courses can be called the field of political science,
an interdisciplinary academic field or can also be called the same as global
studies.
With loans being out of the option, the small and medium international affairs
industry can easily fill the deficit of funding with the help of alternative
funding. The application process for alternative funding is also quite easy to
follow with the entire process being online. The alternative funding also has
interest rate similar to that of any loans which means that repayment of the
borrowed funds is definitely easy.
5. Insurance Industry
Insurance is a means of protection from a specific form of financial loss. It can
also be called a form of risk management where its primary function is to
hedge against the risk of contingent or against an uncertain loss. The insurance
industry segment also contains large, medium and small industries that
provide insurance services to their clients. The large insurance industries are
able to generate huge revenue due to their large customer base and they are
also able to provide large cover base.
Inadequate financial standing is one of the main reasons why such small
insurance industries are unable to acquire loans in the first place. In such a
situation, it will make more sense to go for alternative funding which is also
rather easy to acquire and also less strict terms and conditions laid on them
which facilitates repayment easily.
6. Information Service Industry
The Information Services Industry encompasses a fairly diverse population of
companies. These companies provide valuable and practical information to
end-users. Services are invoiced either on a subscription or per-use basis.
Customer base range from small businesses to large corporations. Service
providers often cater to specific markets.
Alternative funding agencies can be the best bet for most of the information
service sector related firms. These agencies make the funding process
borrower-friendly. They have no constraints when it comes to lending limits.
With their shorter loan-processing period, good line of credit and fast
transactions, the borrower can access money quickly and then invest.
7. Industrial Automation Industry
Industrial Automation Sector is one such industry that deals with the usage of
control systems like robots or computers along with information technologies
to manage various machineries and even procedures within any sector to
replace a human being. Now this sector or industry is a milestone of sorts for
mankind on a global level after the mechanization of manual processes that
took place ages ago.
When institutions like banks aren’t left as a reliable source of funding for
Industrial Automation sector then its related firms have to turn towards
Alternative Funding. It can be noticed that Alternative funding firms can help
Industrial Automation firms to acquire funds with assurance of a good
approved amount.
8. Individual and Family Industry
The family business is also viewed as a commercial organization in which all the
decision and its implementation are done by the multiple generations of the
family. It is also observed that family business is one of the oldest and the most
common model of economic organization and co-operation. In fact, if you have
visited a small to medium sized store or even a multinational listed company
with thousands of employee there is a high chance that it was founded by a
family and still being run by a family member.
Alternative funding can provide the proper financial assistance and help to
family run business mainly those which are small and medium in size. Since
many such businesses would be turned down from a traditional loan process, it
would be better for such businesses to straight up go for alternate funding
solution which would actually be fruitful for the business without wasting
necessary time and energy. Alternate funding can arrange the small or medium
sized amount in the minimum amount of time with fewer hassles.
9. Import and Export Industry
The import and export industry has grown exponentially in the last few years.
The major pushing factor for this industry has been the evolution of
globalization as a major phenomenon. Along with this, there has been an
emphasis on all the communication channels which are helpful in establishing
trade routes and closing a trade deal. While the industry has grown in a very
fast manner, the industry also requires the dedication of specific individuals
who are logistics expert in order to chart out this field.
Alternative funding can help the import and export industry in not only setting
up their business but also in covering the cost of the operations and activities
which are important for the survival of the industry. Many new entrepreneurs
are entering this industry, but most of the time they lack the necessary funding
and finance which can help them function effectively.
10. Human Resource Industry
The Human Resources (HR) Industry encompasses a diverse group of
businesses providing a range of job-placement and workforce solutions to
corporations in various markets. Although company-specific factors impact the
operating performances of these service providers, macroeconomic and labor-
market conditions also play a vital role.
For staffing firm like the HR based businesses, the economic conditions can
significantly hamper the fortune. When the traditional sources of finances
withdraw from providing funds, the alternative sources can come to the rescue
to support these firms with instant cash flow. This type of financing is perfect
for companies with poor credit or who need financing very quickly. The
alternative funding agencies make the funding process borrower-friendly. They
have no constraints when it comes to lending limits.
11. Conclusion
Hence, it can be deducted from this slide show that these industries may be
medium or small scaled but being popular, they have the scope for growth on a
long term basis. Thus, Alternative Funding is obviously required for these well-
known industries so that they progress from this year onwards.