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Alternative Finance

3 Sources of Alternative Finance for Your New Business

 

Having a hard time convincing a bank that you're worth the risk? Here are 3 sources of alternative finance you can use to start your Markham ON business.

  • Crowdfunding. Internet sites let you set up a page that features information on your product or idea. Members of the public can view your site and pledge funds to invest in your project. In return, you promise to give them free products or other special access.

  • Invoice loans. If you've already started making sales, an invoice loan can help you find the cash you need to buy new equipment, hire employees, and fire up your production processes.

  • Property finance. For business owners who already own their property and little else, a property loan uses your land as surety against the loan. I for default, your land is forfeit and sold to satisfy the loan.

 

Need more alternative finance ideas? Contact the money experts at Money Broker Canada for more information.