Alternative Financing Options

Traditional equipment financing isn’t always the best fit for your business. New company financing, financing a company with distressed credit, or financing an unusual piece of equipment sometimes requires a different approach to business financing. LeaseQ recommends you take a close look at three alternative financing options.

Revenue Loans

If your business is generating monthly revenue but your credit history is lacking, a loan based on the revenue you generate on a weekly or monthly basis might be the best solution. Revenue Loans are true business loans ranging from $10,000 to $2 million. You can get quick approvals and funding in as little as 10 days.

Unsecured Finance

If your credit is good often times both new and well-established businesses can qualify for unsecured financing. You can get unsecured lines of credit in as little as 10 days. Only pay interest on the funds you use and often times you can enjoy introductory rates as low as 0%.

Retirement Funding

If you have at least $30,000 in a 401k retirement account then Retirement Funding might be a good option. Both new and established business owners can leverage 401k/retirement accounts to purchase a franchise or new business or inject their current business with badly needed cash.