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Take a good look around. People are losing their jobs, business owners have delinquent clients who won’t pay invoices and poor credit has become a reality that dominates the lending industry. In times of global economic crisis it’s sink or swim and because of the ingenuity of America’s alternative finance industry, startups and companies trying to grow and stay afloat have a new ally in the subprime lending industry. Quit wasting your time with banks that are just as corrupt as the politicians who keep raising taxes on an over taxed country. If superman lived today, he'd be wearing a suit and tie and work as an alternative finance guy. Angel investors, private investors, hard money lenders and factoring companies are in ‘spend’ mode. If you have poor credit there is no reason to lose hope; just dig a little deeper. Online investor databases that focus on international, alternative financing are beginning to grab onto this concept and have designed entire section of their database around alternative finance concepts with literally 1,000’s of options for business owners and start ups with poor credit scores who need alternative means of finance. There are investors who will invest in your company partially as an equity partner and also as a lender. Many times you’ll be able to receive investment capital from one party and factor your invoices to increase cash flow. there are so many ways for a person with damaged credit to raise capital that its mind boggling. The credit lacking business owner is not the dredge of the upstart underbelly, to the contrary, creative solutions for raising capital for these companies is now the new frontier. Lenders are finding out they need to get on board or get out of the way because the subprime barrower is becoming the new prized client for innovative structured lenders.
By James Scott
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