High bank denial rates and debt aversion paired with increasing operating expenses have businesses thinking outside the box, industry insiders say.
Dec 22, 2022 09:00 MST
EL PASO, Texas, December 22, 2022 (Newswire.com)
Leading invoice funding company Viva Capital says the number of small businesses seeking nontraditional cash sources is climbing. Roughly six in 10 are skipping over traditional small business loans in favor of options like invoice factoring and creating new revenue streams. Viva’s latest report, “10 Nontraditional Cash Sources for Small Businesses,” explores some of the most common alternatives and is now live on VivaCF.net.
Small businesses have a lot of…