According to Forbes, an alternative lender is defined as follows:
A non-bank lending institution that will often lend to business owners who can’t get (or choose not to get) a loan through a more traditional bank or credit union. An alternative lender will either
1) use non-traditional forms of collateral to underwrite the loan and/or
2) price the rate higher to account for the increased risk.
Examples include, but are not limited to: merchant cash advance, accounts receivable financing, equipment loans, purchase order financing, factoring, cash flow loans, and more.
Although at Bravo Financial we are not a direct lender, we are experts in finding business credit/loans from more than 100 different alternative lenders who are lending in today’s market, in some cases with no financials, collateral, or no documentation.
These Lenders can bridge the gap between a small business’s need for capital and a lack of traditional funding options.
All of our approved partners are reputable alternative lenders with a lengthy track record of success and most are accredited by the Better Business Bureau.