The world of financing for start-ups is rapidly changing. Many start-ups do not qualify for traditional bank loans (whic
Posted: Tue Apr 12, 2022 10:52 am
The world of financing for start-ups is rapidly changing. Many
start-ups do not qualify for traditional bank loans (which most
often require a 20% contribution to qualify for a loan) or do not
have credit quality adequate to receive loans. Today, there are
numerous online alternatives to traditional financing. We find
crowdsourcing websites and alternative sources for loans that use
nontraditional measures of creditworthiness.
Your job this week is to identify three unique/different/new
sources of financing; describe how they operate (what are their
measures upon which funding is based) and finally describe if you
believe these to be a reliable resource of funding.
start-ups do not qualify for traditional bank loans (which most
often require a 20% contribution to qualify for a loan) or do not
have credit quality adequate to receive loans. Today, there are
numerous online alternatives to traditional financing. We find
crowdsourcing websites and alternative sources for loans that use
nontraditional measures of creditworthiness.
Your job this week is to identify three unique/different/new
sources of financing; describe how they operate (what are their
measures upon which funding is based) and finally describe if you
believe these to be a reliable resource of funding.