There is no reason to assume that if a bank rejects your loan or credit application then there is no way for your small business to raise cash or find funding. In fact, there are a growing number of ways in which SMBs can secure crucial lines of credit and loans that provide vital flexibility.

Here are a few of the most popular and prevalent alternative finance options currently available:

1. Invoice factoring and discounting

If you’ve never heard of invoice factoring or discounting and you’re a small business boss then it is time to do a little research and find out how the option might work for you.…