{"id":9896,"date":"2018-06-22T11:15:28","date_gmt":"2018-06-22T11:15:28","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=9896"},"modified":"2018-06-22T11:15:28","modified_gmt":"2018-06-22T11:15:28","slug":"why-alternative-lenders-are-becoming-popular-with-small-businesses","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/why-alternative-lenders-are-becoming-popular-with-small-businesses\/","title":{"rendered":"Why alternative lenders are becoming popular with small businesses"},"content":{"rendered":"<p>Small businesses used to have to look to traditional financial institutions to obtain funding; however, alternative lenders are becoming increasingly popular among this group. Here are a few reasons why:<\/p>\n<ul>\n<li><strong>Shorter terms<\/strong> \u2014 alternative lenders generally offer shorter-term loans, important for businesses that have short-term needs.<\/li>\n<li><strong>Faster processing <\/strong>\u2014 the business loan process at traditional financial institutions can last weeks. At alternative lenders, this process typically takes only a few days.<\/li>\n<li><strong>Less paperwork<\/strong> \u2014 alternative lenders usually only require a few important questions to be answered online, as opposed to providing bank statements, tax returns and other financial statements at traditional financial institutions.&nbsp;<\/li>\n<li><strong>No capital requirements<\/strong> \u2014 alternative lending services usually do not require businesses to put up capital like traditional financial institutions do.<\/li>\n<li><strong>Flexible repayment options <\/strong>\u2014 alternative lenders are typically much more flexible in their repayment options and work to adjust repayments to coincide with a business\u2019s cash flow.<\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-9896 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Why financial institutions are losing the talent war for developers'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/why-financial-institutions-are-losing-the-talent-war-for-developers\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/04\/why-financial-institutions-are-losing-the-talent-war-for-developers-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12669\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12669'>\n\t\t\t\tWhy financial institutions are losing the talent war for developers\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Infographic: 10 FinTech trends to watch in 2019'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-10-fintech-trends-to-watch-in-2019\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/01\/Fintech_2-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12032\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12032'>\n\t\t\t\tInfographic: 10 FinTech trends to watch in 2019\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Embracing Innovation: European SMEs Shift Towards AI and Fintech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/embracing-innovation-european-smes-shift-towards-ai-and-fintech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2024\/02\/284b4b6d-f572-8852-7f3a-fb642d4ebac51-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17473\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17473'>\n\t\t\t\tEmbracing Innovation: European SMEs Shift Towards AI and Fintech\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Small businesses used to have to look to traditional financial institutions to obtain funding; however, alternative lenders are becoming increasingly popular among this group. Here are a few reasons why: Shorter terms \u2014 alternative lenders generally offer shorter-term loans, important for businesses that have short-term needs. Faster processing \u2014 the business loan process at traditional &hellip;<\/p>\n","protected":false},"author":5,"featured_media":9907,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[129,141],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9896"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=9896"}],"version-history":[{"count":3,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9896\/revisions"}],"predecessor-version":[{"id":10041,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/9896\/revisions\/10041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/9907"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=9896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=9896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=9896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}