Companies like Vallexa Capital serve entrepreneurs who are comfortable using online resources for a variety of purposes. When these small business owners have a problem it is more and more common for them to turn to online resources for a solution.
Specific advantages of online funding include:
Streamlined processes minimize the time needed to apply
Pre-approval can be supplied in minutes
Borrowers are connected directly to funding partners who have an express desire to fund small businesses
Underwriting costs are reduced, so more businesses receive financing
Money can be deposited in the business’ bank account within days.
According to Businessweek.com, alternative online lenders already account for an estimated $3 billion in annual funding to small business, and experts expect double-digit growth in the years ahead.
Learn about: Common Sources of Business Financing
Learn About: Comparing Equity & Debt Financing
Learn About: Factors & Qualify for Business Financing
Learn About: Frequently Asked Questions