48 | Q1 2023 Nov22400 Funding Made Easy Offering loans ranging from £20,000 to £250,000, Funding Alternative Ltd. is an innovative alternative lender dedicated to helping small and medium sized business owners access funding to fuel their growth and stabilise their cashflow. With one-of-a-kind financing solutions that effectively address a wide range of cash flow issues, the company prides itself on its ability to tailor its solutions to fit the specific needs of its clients. As a result of its outstanding customer service and innovative products, Funding Alternative is 2022’s winner of Best SME Business Cash Advance Solution Provider, South East, in the UK Finance Awards. Committed to its cause, Funding Alternative Ltd. helps owners of all types of businesses access the funding they need, enabling them to spend less time worrying about cashflow and instead focus on growing their business and maximising business opportunities. The firm understands that larger financial institutions often overlook SMEs, so it focuses on providing suitable solutions to these smaller businesses to help them succeed and achieve their business goals. With flexible repayment structures tailored to turnover, Funding Alternative is perfect for smaller businesses who need funding for things like stock, additional staff, new equipment, cash flow management, new premises, one off projects, and refurbishment. The company utilises a unique lending model that combines Business Cash Advance (BCA) and Selective Invoice Financing (SIF) solutions, allowing it to provide customised and unsecured funding options. Its BCA product is designed to provide a flexible and short-term funding solution: When the loan is repaid early, the business receives a significant discount, making it perfect for those who only need funding for a short period of time. Another benefit of the BCA product is that the weekly repayment amount is reduced if the business receives less cash than expected, helping the customer maintain healthy finances. Funding Alternative’s SIF product is also designed to be flexible, allowing businesses to choose which invoices they wish to finance. What sets the company apart from its competitors is that it offers both the BCA and SIF products as a package, allowing the company to advance significantly more funding. While traditional lending sources can take months to process requests, Funding Alternative offers fast and simple funding. The application process can be completed in minutes. After filling out an online form, the client receives an in principle decision on their request within 48 hours. This allows them to get to work growing their business as soon as possible, without lengthy negotiations and mountains of paperwork. All business owners need to apply is 6months of cashflow history, on the business bank account of a limited company with a monthly turnover of over £25,000, and an Aged Debtors and Creditors List, incl any tax arrears. Funding Alternative believes in responsible lending. It only lends to businesses with concrete business plans, ensuring that customers are able to use the funding to grow without getting into financial trouble. Built on the principles of flexibility and convenience, Funding Alternative utilizes open “ Committed to its cause, Funding Alternative Ltd. helps owners of all types of businesses access the funding they need, enabling them to spend less time worrying about cashflow and instead focus on growing their business and maximising business opportunities. ”
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