Get answers to some of your top questions related to non-equity funding. If you have a question that is not covered here, feel free to call one of our representatives at +1 (205) 607-0811.
Do I have to sell equity to grow my business?
While bringing venture capitalists or private equity into the fold of your business is a common means to receiving business funding, it is by no means your only option. You can grow your business while maintaining equity by accessing other types of business funding, such as invoice factoring or a bank loan.
What funding alternatives are there to equity financing?
There are plenty of financing alternatives that you can use instead of equity financing. For example, you can get a business loan or a bank line of credit, both of which allow you to retain equity while accessing the funding you need. However, many businesses, especially new businesses, cannot get these traditional types of funding due to their limited credit histories and time in business.
We recommend looking into invoice factoring or another alternative lending option if you do not qualify for traditional financing options and do not want to give up business equity. Invoice factoring has an easier approval process than traditional lending, is a scalable funding solution, and allows you to retain ownership of your company.
What type of financing does altLINE offer?
altLINE offers invoice factoring, an alternative lending option in which a business sells its unpaid invoices in exchange for a cash advance. Not only do business owners not have to give up equity when they factor their invoices, but it is a dynamic financing solution that easily grows with your business. Additionally, because factoring companies put more weight on your customers’ creditworthiness than on your own, it’s much easier to be approved for invoice factoring than traditional financing options.
Do I have to give up equity with invoice factoring?
You do not need to give up equity with invoice factoring, which is one of the many benefits of this type of financing. With invoice factoring, you receive a cash advance by selling your unpaid invoices, meaning you fund your business while keeping equity and avoiding taking on debt.
How can I use the business funding that I get from altLINE?
The financing you receive from factoring your invoices with altLINE can be used to cover a variety of expenses. You can use the working capital you receive to purchase new inventory or raw materials, pay your vendors, hire more staff, cover payroll, fund new contracts, bolster your marketing efforts, and scale your operations.