Non-Traditional Financing

Non-traditional financing refers to funding methods outside of standard bank loans or traditional sources. It includes options like peer-to-peer lending, crowdfunding, angel investors, venture capital, and asset-based financing. These methods often involve alternative criteria for approval and can be more accessible for startups, small businesses, or individuals seeking capital. Non-traditional financing may offer faster access to funds and flexible terms but can also carry higher costs or risks. Essentially, it broadens the choices available to obtain funding beyond conventional banking channels.