Alternative Commercial Finance Industry
Alternative Commercial Finance
While traditional bank lending still
plays the most important role in business finance for larger ventures,
the broad "alternative commercial finance" community clearly
represents the most accessible source of growth capital for those in
need of early-stage financing. This unique group of lenders,
financing sources, and
specialty brokers includes among others...
accounts receivable factors
inventory finance specialty providers
purchase order finance companies
payroll finance specialists
equipment leasing companies
merchant cash advance providers
Domestically, financing volumes provided by
alternative commercial finance providers is growing rapidly with
factoring alone accounting for roughly $150 billion in financing volume.
Worldwide, the alternative commercial finance industry is simply
enormous where factoring provides several trillion in annual
financing with Europe accounting for the bulk of volume. Countries
such as the United Kingdom boast nearly twice the volume of factoring
as the United States.