Thursday, March 17, 2016
Can Business Platforms Get Entrepreneurs Paid Early & Prevent The Need For Business Loans?
There is a lot of talk about alternative funding sources for entrepreneurs fighting the cash flow beast. And since traditional lenders aren?t in the business of high-risk and VCs focus on only about 2% of the business plans they review, there is plenty of room in the market for alternative funders and alternative receivables solutions. A regional survey by the Federal Reserve Bank of New York in late 2013 showed that 40 percent of the roughly one-third of small businesses that applied for credit received less than the amount they requested or no funding at all. How can you change that?
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