Non-Traditional Financing
Non-Traditional Financing refers to financing methods outside of conventional bank loans, such as crowdfunding, peer-to-peer loans, or angel investments.
Benefits
Non-traditional financing provides more flexible funding options. It can be faster and more accessible than traditional bank loans, especially for startups.
Frequently Asked Questions
What is the difference between crowdfunding and traditional finance?
Crowdfunding involves raising small amounts of money from a large number of people, usually online. Traditional finance typically involves getting a large sum from a single source, like a bank.
What is non-traditional lending?
Non-traditional lending refers to borrowing methods that don`t involve conventional banks.
What is the meaning of P2P lending?
P2P lending, or peer-to-peer lending, is a method where individuals borrow and lend money directly to each other without a bank`s involvement.
Key Takeaway
Non-traditional financing offers alternative ways to secure funds outside of conventional bank loans. This includes methods like crowdfunding, peer-to-peer loans, and angel investments.