Alternative Small Business Loan Options

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Are Alternative Small Business Loans?
Sampling of Alternative Small Business Lenders
Types of Alternative Small Business Loans
Business Line of Credit
Term Loans
Invoice Financing and Factoring
Equipment Loans
Merchant Cash Advances
Things to Know About Alternative Business Loans
Line of credit: 3.3%-4.8% Term loans: 4.66%-8.99% Invoice financing: 3%-5% Invoice factoring: 1%-3% Equipment loans: 3.5%-7.5% Merchant cash advance: 18%-24.20%
When to Consider Alternative Financing
How to Qualify for Alternative Business Loans
Compare Alternative Loans in One Place
SOLC20090
About the Author
Susan Guillory is the president of Egg Marketing, a content marketing firm based in San Diego. She’s written several business books, and has been published on sites including Forbes, AllBusiness, and Cision. She enjoys writing about business and personal credit, financial strategies, loans, and credit cards. Follow her on Twitter @eggmarketing.
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