What are Crowdfunding Alternatives?Published on 12th April 2018 - Last update on 8th January 2019
For many entrepreneurs, Investment Crowdfunding and Loan-based Crowdfunding (Peer-to-Peer) can be great for acquiring external funding from investors. However, although Crowdfunding can be used to scale or lay the foundations for a startup, it isn’t suitable for every business. If your business has grown too big or obtaining the funds that you require is proving too challenging, there are plenty of Crowdfunding Alternatives available. Crowdfunding Alternatives provides you with a number of different ways to obtain the funds that your business requires, and are compatible with a range of financial situations. So if you’re looking for an alternative to crowdfunding, here’s what you need to know:
- Why use Crowdfunding Alternatives?
- What alternatives are available?
- How can Crowdfunding Alternatives be used?
Why should I apply for a Crowdfunding Alternative?
Although Crowdfunding is a useful method of acquiring external funding, appealing to investors over an online platform can present its own challenges. As well as ensuring that you’re able to gain access to sufficient funds from investors, some entrepreneurs may not wish to discuss their ideas publicly, present shares in their business or repay funds over a short-term period. Plus, you may not be able to use crowdfunding if the platform feels that your business has grown too big. This may be disappointing but thanks to the Alternative Finance industry, the funding opportunities available to your business have never been so vast and diverse. All you need to do is figure out where to look.
Having trouble raising the sufficient funds from external investors? Has your business become too well established? Apply for funding today or find out how alternatives to crowdfunding could benefit your business.
What Crowdfunding Alternatives can I apply for?
If you’re seeking an alternative to crowdfunding there are plenty of business finance solutions available to choose from, including Business Loans, Merchant Cash Advance and Invoice Financing. Each of these products raises funds for your business in different ways and could suit a variety of different financial situations. So whether you’re an emerging SME or a well-established firm, the funds that you need to pursue your goals is always within reach. But in order to make a decision and source an appropriate product for your business, speaking with a qualified business finance specialist is a must.
What can this type of finance be used for?
Since many of these products carry no usage restrictions, the funds that you could receive could support any aspect of your business. Plus some of the business finance products on offer impose no set limits dictating the maximum amount of funding that you could receive, according to your monthly income or unencumbered assets for example. Therefore, you could gain access to the funds you need and still receive the same freedoms as you would have gained with Crowdfunding, allowing you to fund key projects, acquire new equipment or support your business in other ways. So even if Crowdfunding is no longer an option, there’s no need to put the brakes on your goals.
Looking for a suitable alternative to Crowdfunding?
Capital is a vital resource for any business, granting you the ability and confidence to pursue your goals. But during the stages of your business’ development acquiring it in sufficient amounts can be difficult and frustrating. Although you may wish to explore how Investment Crowdfunding and Loan-Based Crowdfunding could help, convincing lenders to part with their cash over an online platform can be tricky and may not yield the results your desire. However, if you’re looking for another way to obtain the funds that you need, Crowdfunding Alternatives could provide the solution. So no what your business needs or what you’re hoping to achieve, apply for a Crowdfunding Alternative today or find out more with Rangewell.
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