{"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='100,000 Banking Jobs to Disappear in Next 5 Years'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/100-000-banking-jobs-to-disappear-in-next-5-years\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/10\/89834689-06d0-0a8b-204e-43f7900b0e611-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16365\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16365'>\n\t\t\t\t100,000 Banking Jobs to Disappear in Next 5 Years\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='The role of video technology in tomorrow\u2019s branches'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/the-role-of-video-technology-in-tomorrows-branches\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/06\/customer-service-team-design_1214-217-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10259\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10259'>\n\t\t\t\tThe role of video technology in tomorrow\u2019s branches\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks need to develop their own mobile wallets'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-need-to-develop-their-own-mobile-wallets\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-6804\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2017\/11\/Banks-need-to-develop-their-own-mobile-wallets-100x100.jpg 100w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-6804'>\n\t\t\t\tBanks need to develop their own mobile wallets\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}]}}