Since 2016, you have seen that more and more alternative financiers are entering the market. They are capitalizing on the gap that the banks have created. They finance entrepreneurs who cannot go to the bank.

A suitable form of financing for every entrepreneur

Alternative finance is a broad concept, there are many different forms of financing. For this reason, there is therefore appropriate financing for every entrepreneur in every business phase. Think of a party that only pre-finances your invoices to a platform where you can start a crowdfunding campaign.

Quick and easy processing of the request

Characteristic of alternative forms of financing is that you can switch quickly. They keep up with the developments in the market. Most of them therefore have a quick and easy application process.

In general, they use smart technology. They can process data quickly and efficiently, which they use to improve the service and product. Entrepreneurs benefit from this technology because the ease of use is constantly being improved.

Focused on the needs of the entrepreneur

You, the entrepreneur, are at the center of alternative financiers. Flexibility and moving with the customer are characteristics of these financiers. Of course, they have fixed processes and conditions that you must meet, but the most suitable solution is always sought.

To give an example; the repayment of your financing can be arranged in several ways. Do you have a lot of income from debit card transactions? Then you can repay based on your debit card turnover. Do you have a seasonal business? Then you pay an agreed percentage of your turnover, so you can repay more in the high season and not get into trouble in the low season.

Which alternative forms of financing suit you?

Are you looking for suitable financing? Make sure you do good research into which form suits your question or company. If you know which form of financing you want to use, research the companies. There are many companies that offer financing these days and they all have slightly different terms and fine print. Make sure you are aware of what to expect, especially during the repayment period.

To make it a little easier to find the right form of financing, we have created an e-book in which we provide the following highlight alternative forms of financing for you and have listed the pros and cons for you.

1. Crowdfunding
2. Credit unions
3. Direct lending
4. Business Angels
5. Leasing
6. Factoring

Want to know more about direct lending?

Swishfund is a direct lender. Are you curious about whether this form of financing suits you and your company and what the options are? Feel free to contact one of our account managers via 085 064 4144.