What are alternative business loans?

Alternative business loans are financing options provided by non-traditional lenders, such as online platforms and P2P networks, offering different terms and structures than conventional bank loans.

How do interest rates for alternative loans differ?

Interest rates for alternative loans can vary widely based on lender and market conditions, often being higher due to the increased risk taken by the lender. They may be fixed or variable, affecting overall borrowing costs.

What fees are associated with alternative business loans?

Common fees include origination fees, processing fees, early repayment penalties, and late payment charges. These can add significantly to the overall cost of borrowing.

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