FINANCE OPTIONS

Alternative Finance for IT support Companies

Alternative finance refers to financial channels outside of traditional banking, providing solutions like Alternative Finance Loans that suit IT support companies. With options like peer-to-peer lending, crowdfunding, and invoice financing, these instruments offer more flexible terms tailored for the dynamic IT sector.

Secure up to £500,000 in Alternative Financing with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Alternative Finance for IT support Companies?

Alternative finance provides quick access to capital with more Quick Business Finance than traditional banks. Our services offer flexible amounts ranging from £1,000 to £500,000, with decision speeds from 24 hours to a few weeks, and interest rates as low as 1% per annum.

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Flexible funding options
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Faster access to capital
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Increased financial stability

What are the different types of Alternative Finance for IT support Companies?

Peer-to-Peer Lending

Peer-to-peer lending allows IT firms to access £5,000 to £500,000 for new technology or hiring, with decisions in 1-2 weeks.

Peer-to-Peer Lending

Eligible businesses with a good credit score can benefit from interest rates of 3% to 8% per annum. Applications are processed online. P2P lending suits IT service expansion, such as managing online sales platforms for retail.

Invoice Financing

Invoice financing helps IT companies manage cash flow by advancing up to 90% of invoice value, typically for 3 months.

Invoice Financing

Suited for B2B companies, this option offers interest rates of 1% to 3% per 30 days and decisions within 48 hours. Ideal for sectors needing quick liquidity, like manufacturing hardware purchases.

Crowdfunding

Crowdfunding supports innovative IT projects by raising £1,000 to £250,000, depending on campaign success.

Crowdfunding

With campaigns lasting 30-90 days, crowdfunding is optimal for launching new software solutions or expanding services in areas like cybersecurity for hospitality. Campaigns require a strong marketing strategy to attract backers.

What is Alternative Finance for IT Support Companies?

Application Processes

Applications vary but mostly occur online, needing company history and financial details. Initial decisions range from 24 hours to 7 days, followed by funds availability within 1 to 4 weeks.

Regulatory Compliance

Alternative finance providers comply with FCA regulations, ensuring transparent lending and consumer protection. Our expertise ensures adherence to these standards, offering safe funding options.

Borrowing Capacity

Eligible IT businesses can borrow from £1,000 to £500,000, influenced by credit score and sector. Interest rates vary from 1% to 8%, with possible fees, ensuring tailored solutions for your needs.

FAQ’S

How much can I borrow with alternative finance?
How quickly can I get a financing decision?
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What are the eligibility requirements for peer-to-peer lending?

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