What you need to know about the factors which drive alternative funding.

1. Top Factors that drive
Alternative
Funding
Best Option Funding

2. Are you looking for Funding
Best Option Funding is here to provide various Alternative Funding services to all
such smaller business enterprises and individuals. Some of these Alternative
(Optional) Funding services that our company provides are stated as follows:-
• SBA Loan
• Accounts Receivable Factoring
• Merchant Cash Advance
• Line of Credit
• Term Loan

3. Funding: The Ultimate Advice
There are various approaches to dealing with funding. These are
not at all over-night solutions. When it comes to financial issues,
there are no overnight (or quick fix) solutions. There are a variety of
solutions, however, that are not as tough or expensive as many
people think. Primarily, Credit Line, Term Loan, and Credit Card
Processing. are stellar ways for tackling funding crunch without
giving any second thoughts to it.
Struggling with financial crunch is never
easy. For many, the path to financial stability
in business is lengthy and tedious. On that
note, there’s always a path out.

4. Business Funding - A channel to easy and
smooth finance availability
Here are the Pros of taking an SBA Loan:
• Reasonable Rates of Interest • Lowest Down Payments
SBA Loan is a funding service that is meant to assist small as well as
moderately sized business firm owners at the hands of the US. Small Business
Administration. This government agency delivers this funding under multiple
SBA Funding programs to such smaller businesses.
Here are the Cons of taking an SBA Loan:-
• May need collateral • Immense paperwork

5. Accounts Receivable Factoring
Accounts Receivable Factoring is a funding service where the
lender concerned would advance you 50% to 90% of the invoice
value in totality. The concerned factoring company is supposed to
hold the remaining 10 to 50% within reserve.
Here are the Pros of taking an Accounts Receivable Factoring:-
• Instant access to Cash
• Invoices act as Collateral
Here are the Cons of taking an Accounts Receivable Factoring:-
• Higher Fees when compared to Traditional Business Financing
• A part of your profits needs to be given up

6. Merchant Cash Advance Loan
Here are the Pros of taking a Merchant
Cash Advance:-
• Easy procedure of approval
• Instant access towards funds
Merchant Cash Advance or MCA is not a loan in real sense of the term but a
specialized form of funding assistance. You can view this funding as one sort of
advance upon small business credit card receipts.
Here are the Cons of
taking a Merchant Cash
Advance:-
•Lesser flexibility to modify
merchant service
providers
•Higher fees when
compared to
traditional loans

7. Line of Credit
Line of Credit or LOC are funding services that can be viewed as
arrangements between a financial agency like bank and a customer
who establishes the maximum amount of loan to be borrowed.
Here are the Pros of taking a Line of Credit:-
• Instant fund withdrawal possible in term of cash
• The funding helps in building good credit history
Here are the Cons of taking a Line of Credit:-
• Provide smaller borrowing limits in comparison to Term
Loans
• Up front fees in addition to paying interest makes it costly

8. Term Loan
Term Loans are funding services that can be defined as a lump sum of capital that
one can pay back at a floating or fixed rate of interest with regular payments.The
word ‘Term’ in a Term Loan is derived from it’s well set repayment term length.
Here are the Pros of taking a Term Loan:-
• Well set payment structure
• Longer payment terms when compared to Short-Term loans
Here are the Cons of taking a Term Loan:-
• Potential Pre-payment based Penalties
• Generally they have huge paperwork

9. Debt Consolidation Loans
• Debt Consolidation Candidate Assessment
• Are you frequently unable to meet minimum payments?
• Are you consistently making late payments?
• Have you borrowed money for basic amenities like food and gas?
• Excluding car and house mortgages, do your debt payments
exceed 25% of your income every month?
If business expansion or even basic expenditure has
started to exceed your firm’s revenue recently then you
need to backtrack by not just replanning your budgeting but
also trying for the funding method stated above.

10. What can be done with
Alternative Funding?
Credit Score:-
Alternative Funding does NOT stress on Credit
Score Rating. This service bestows trust upon a
borrower even if its a smaller business.
Happy Business Owner:-
Any small or moderately sized business owner now
does not need to reply upon an SBA Loan center or
agent. Alternative Funding is here to make him or
her happy

11. Consumer Credit Counselling
Consumer credit counselors provide you with a Debt Management
Program and experts who can guide you through a practical debt
repayment structure. There are still risks, and you have to be well-
informed before enrolling with this sort of program.
How Does Credit Counseling Work?
Once enrolled with a credit counseling service, you'll be assigned
to a counselor who will sit with you to discuss your financial
situation.
Debt Management Plans
A Debt Management Plan (DMP) will be developed
in conjunction with the credit counselor and your
creditors, all in an effort to help you pay off your
debts in a practical and comfortable way

12. Debt Negotiation
Depending on your situation, it is
entirely possible that you'll never be
able to completely pay off all of your
debts with your current income, without
assistance. There is one last alternative
to bankruptcy, for those still willing to
fight it out. Debt negotiation is a drastic
and aggressive approach, the last resort
of those drowning in debt.
How does Debt Negotiation
Work?
The Debt negotiation involves
bargaining persistently with banks.
You will be asking the banks to
forgive a large portion of your
debts in exchange for a settlement
paid in either a lump sum payment
or monthly payments. If all goes
well, at the end of it you'll owe the
banks half of what you did before
or less in some cases. If the
bargaining goes really well, you
can even reduce the amount to
less than half.