4 Alternative Business Loans You May Qualify For

When your small business needs a quick influx of cash, an alternative lender may be your best choice.

Online lending sites and other non-traditional lenders offer an approval rate much higher than that of banks and availability is increasing. If your business could use a little help, check out your options for alternative business loans.


Micro Loans

So called because they start around $1,000 and rarely go over $50,000, micro loans give your business just enough money to cover immediate expenses for small purchases, inventory updates or minimal renovations.

Merchant Cash Advance

If you lack collateral, you can borrow against future sales instead with a merchant cash advance. These loans are structured to give you money up front and take a percentage of every credit card sale you make after that until the loan is paid off.

small business refinancing

Merchant cash advances are easy to qualify for. However, interest rates are often predatory, and the required payments take away a portion of your profits until you pay off the advance.


You might not always be able to wait for customers to pay outstanding invoices before you need the money that they owe you. In these circumstances, you can sell your receivables to another party called a factor.

These “factors” immediately provide you with 70 to 90 percent of what you’re owed. Unfortunately the financing costs of factoring can easily exceed 20% of the value of your receivables.

Working Capital Loan

A Working Capital Loan through ARF Financial can be taken out to cover any number of small business expenses from purchasing new equipment, to financing a renovation or simply stabilizing cash flow. It’s also a great option for franchise owners who want to open a new location or need to meet upgrade requirements.

cafe owner

ARF Financial is not a factoring company or a cash advance – in fact, we have nothing to do with your credit card transactions. A Working Capital Loan comes with fixed terms and payments with no collateral required on amounts up to $725K.

The benefits of a Working Capital Loan include:

  • Interest is tax deductible
  • No collateral required
  • Higher loan amounts
  • Payment via ACH is accepted
  • Approvals granted within 2 business days
  • Funding issued within 7 to 10 business days

There’s no doubt that the right type of funding can pull your business out of the hole in a pinch and guarantee continued operations until you can sort out your cash flow or start exciting new projects.

Look for the best deal you can find from a legitimate lender, and use the money wisely to grow your business into what you always dreamed it could be.

Contact ARF Financial today if you would like to learn more about getting approved for a Working Capital Loan this week.