2. Introduction
This slide show is about the Promising 8 Industries (or Sectors) that require
the guidance of Alternative Funding from 2019 onwards. All these industries
mainly consist of medium & even small sized firms that can earn great
revenue in the long run if Alternative Funding is given to them when
conventional funds are unavailable.
3. Outsourcing and Offshoring Industry
Outsourcing is a multibillion-dollar industry, with significant emphasis on three broad
sectors namely logistics, sourcing and distribution services; information technology
services, including the creation of software and the management of computer centers;
and business process outsourcing (BPO) areas such as call centers, financial
transaction processing, and human resources management. Offshoring, as opposed to
outsourcing, covers a wide variety of products and practices that it is difficult to put a
number on the size of the market. A significant share of offshoring revenue is created
by contract manufacturing of electronics, including laptop computers, tablet
computers, cellular telephones and items.
Alternative lending is the perfect tool for firms that canโt obtain conventional bank
loans due to tough qualification requirements. Non-conventional lenders are able to
pre-approve a borrower almost instantaneously, and fund within a weekโs time.
4. Online Media Industry
The Online Media Industry is precisely related to Digital Media services and the firms
involved with it on a global basis. Digital Media can comprise of digitized content like
photographs, videos and music that can be transferred and distributed through the
Internet, computer networks and numerous electronic devices.
All hope is not lost for online media industry related firms that arenโt self-sufficient
when it comes to arranging for extra funds to sustain their organization at least
beyond breakeven levels. Such firms can seek Alternative Funding from any
professional enterprise that can provide them ample assistance in this direction. Such
a company can bail out these firms by delivering facilities like Business Loans at
minimum Interest Rates and Line of Credit.
5. Oil and Energy Industry
The oil and energy sector describes an interrelated network of companies directly or
indirectly involved in the production and distribution of energy needed to power the
economy and facilitate the means of production and transportation.
Alternative lending is a good source of funding for an oil and gas company when loans
canโt be obtained from a conventional bank or SBA financing due to immense
qualification requirements. Alternative lenders are able to approve a business much
faster than traditional lenders and only require minimal documentation. They provide
more strategic and usually a more appropriate investment option.
6. Non-Profit Organization Management Industry
The non-profit organization (NPO) management industries exist to provide programs
and services to their communities. They exist as charities, foundations, social welfare
or advocacy groups, some professional associations, and religious institutions.
Most of the feasible funding solutions to the financial issues faced by NPO
Management industries are provided by alternative private funding organizations.
With their shorter loan-processing period and fast transactions, the borrower can
access money quickly and then invest. The alternative companies focus on building a
good relationship with the borrower and can be the best solution to cater huge
financial requirements by the NPO management industries.
7. Newspapers Industry
The Newspapers Industry comprises of newspaper firms that publish products called
newspapers. A newspaper can be viewed as a periodical publication that consists of
information regarding current events in the written format. Newspapers are meant to
cover a huge variety of fields like business, politics, sports, entertainment and art to
name a few.
Funding is never an issue for them so they can invest in technology upgrade, publication
and staff expansion, and other such business schemes. But small and medium sized firms
of the Newspapers Industry arenโt backed by such entities. Instead of worrying too much,
their owners or managements can seek Alternative Funding from professional companies
that deliver such financial services. This mode of funding can help them with any
financial issues so that they can keep running their firm smoothly on a daily basis.
8. Nanotechnology Industry
Nanotechnology industry is one of the main drivers of technology and business that
holds the promise of higher performance materials, intelligent systems and new
production methods with significant impact for all aspects of society. This industry is
impacting the field of consumer goods, several products that incorporate nonmaterials
are already in a variety of item.
There are several non-university research funding organizations that help in the flexible
and speedy flow of funds to research and development industries like the
nanotechnology industry. These alternative funding agencies make the funding process
borrower-friendly by not imposing unwanted restrictions and paperwork. They have no
constraints when it comes to lending limits. With their shorter loan-processing period
and fast transactions, the research organization can access money quickly and then
invest.
9. Music Industry
The Music Industry is a sector that comprises of individuals as well as firms that earn
money by creating new music compositions, songs and other such works. Apart from all
of this, they also sell live shows and concerts, deal with video and audio recordings and
also deal with the organizations that represent music creators.
Small as well as medium sized music industry firms donโt need to panic because they can
seek alternative funding to carry on with their commercial ventures. If a music firm has
its future business plan all into place then it can submit the document to a professional
alternative funding enterprise. Such a company can assist these firms to sustain their
business operations. Now these operations may be related to arranging music concerts,
payment of dues to the music firm staff, purchasing new music instruments, and so on.
10. Museum and Institutions Industry
The Museums and institutions industry incorporates a wide variety of centers, including
art museums and galleries, historical museums, military museums, science museums,
and wax museums. These entities are engaged in the preservation and exhibition of
objects of historical, cultural and educational value.
Alternative lending is the perfect tool for firms that canโt obtain conventional bank loans.
These lenders are able to pre-approve a borrower almost instantaneously, and fund
within a week (if not sooner). There are provisions like a high business line of credit to
get quick access to cash for and gain financial control by paying back the funds at a
desired pace. Documents required are minimal compared to banks, with borrowers only
needing to provide a couple of yearโs tax returns and financials.
11. Conclusion
Hence, it can be concluded from this slide show that these industries (or sectors) may be
smaller in size but have the scope to grow on a long term basis. Thus, Alternative Funding
is the obvious push to guide their funding requirements that can assist them in starting
their trade robustly without any hiccups from 2019.