Creative Financing Ideas

People who have little-to-no funds usually resort to bank loans, lending, and other funding and financing opportunities available. In the same thread, businesses that have sufficient funds are rare, and as a matter of fact, it’s not always going to be the case, especially for newer startups and small businesses.

Creative financing is the type of funding option available to people and businesses even those that are hit with crisis – a bad record, poor or bad credit, and other catastrophic things that usual people and businesses experience.

Who Creative Financing is For

Ideally, creative financing is the option for people who are not able to secure regular loans because of the credit that they have, or because of the lack of documents to support the loan they’re applying for. For small business owners, it could be the option if they’re not being approved of small business loans.

But, creative financing is not limited to that. In fact, even people who are well-off can take advantage of creative financing for them not to spend their money just to start their businesses up. In most cases, purchasing a house, a business, land, or any other major and prime asset would need funding – and that is where creative financing can come in.

Ideas For Creative Financing

You might think that banks offer creative financing – well to tell you, they do not. Banks hate it when they provide a loan that bears little interest rates at much longer times. That’s when instead a person goes for a mortgage, they go for creative financing so they have more room for the funds they have on their pockets.

There actually are a lot of creative financing ideas you can adapt to. Some of these ideas, though, might seem a bit unorthodox but they have one ultimate goal – to provide funding in a sense that they’ll be able to fully assist clients.

Alternative Financing

Instead of banks, there are tons of different options for lending nowadays that are way better and more convenient. Many alternative financing companies and lenders have made their name in the industry, providing the type of help that not even banks and credit unions can give.

They might introduce you to skyrocketing interest rates but they’re one good idea if you plan on going to the path of creative financing.

Crowdfunding

Another option you can take is through crowdfunding. You get up and gather a pool of investors who would want to invest in your startup or your small business. In return, you’d have to payback what you owe plus a monthly interest on top of that.

Many new investors are open to crowdfunding and you, as a business owner who needs it, might be appealing to you.

Venture Capitalists

If your business is going all places but up, then you might need to readjust it a little bit. And you can start doing so by funding it in the right way. Venture Capital (VC) firms offer handsome options for investment.

The downside is that you might lose a percentage of your company’s ownership as a form of paying them back.

Out of all those options – which one is the best for you? That’s a question you have to answer on your own because the best idea for creative financing would depend on what you’ll need it for. But here with us at SoFlo Funding, we can help you by providing lucrative funds at considerable and reasonable interest rates.

We’re the option of all people – whether it’s a person starting up a business, a regular employee who needs funds for emergency purposes, a person who is planning to purchase a home, or a small business owner who needs funding for his or her business.

The creative financing options we offer help even those with the worst track records and credit histories – we look at that as an opportunity not to make profit, but to help our fellowmen in their ventures and their endeavors.