Since the financial crisis started in the late 2000s, the non-traditional lending market has exploded.
More and more, business owners are realizing that banks and merchant advance services simply don’t provide financing options that are a good fit for today’s fast-paced environment. In a business landscape that moves at the speed of the click of a button, non-traditional lenders like CapFusion provide equally fast access to capital for a variety of purposes.
But while the space has seen many new lenders enter the field over the past couple years, CapFusion continues to stand out from the pack in one crucial respect: flexibility.
Because most web-based lenders strive to minimize overhead to keep rates competitive, they work to automate as much of the application process as possible. This can be great for applicants who fit into a particular lender’s narrowly crafted qualifications. But it can be almost unbearably frustrating for business owners who need capital to help grow their business but fall just outside the lender’s specifications.
CapFusion was founded on the premise that borrowers needed a financing partner that wanted to work with them — that would find a way to help them meet their business goals.
As a result, not only does CapFusion work hard for a way to say “yes” to every application it receives, it also offers a much wider array of loan options than other non-traditional lenders. Where other companies in the space offer one loan product with one term and one rate, CapFusion works with its clients to find the loan arrangement that works best for them.
That might mean extending the repayment terms beyond the standard loan window, or structuring a loan so that payment rates adjust to correspond with expected changes in the business’s cash flow.
The non-traditional lending market may be increasingly taking on a one-size-fits-all approach to serving clients. But CapFusion remains committed to being flexible enough to find a lending solution for every business owner who wants to work with them.