Small businesses are the backbone of the American economy and to support these businesses the U.S. Small Business Administration (SBA) provides a range of loans to business owners.
In addition to larger loans up to $5 million offered by the SBA, micro-loans up to $50,000 are available for working capital, furniture, equipment and supplies.
But what if you do not have a multi-million dollar business like Wal-Mart with a $50,000 problem?
What if your business needs an $8,000 equipment loan or a $3,000 technology upgrade?
The solution is alternative financing which provides loans to businesses operating on a smaller scale with a smaller budget. Consider the landscaping entrepreneur who needs a new ride-on mower or the medical office that requires five new Apple tablets.
Alternative financing companies generally have fewer loan requirements, fewer restrictions on repayment and are more lenient with credit history.
Small business owners would benefit from looking into companies such as Timestar Lenders to get the necessary loans to maintain business operations.