It’s well-documented by this point that banks and other “traditional” avenues of financing are less than chomping at the bit to offer loans to small and mid-sized businesses. Frequently, the loan process is an arduous one and can take weeks or months. Many small businesses may not have the operating history in place to snag the funding they need.
There’s been no dearth of startups that tout the advantage of technology in speeding loans into the hands of small companies that may not otherwise get them. One new — quite new — entrant into the alternative lending space is CapitalFront, which began offering financing (and merchant cash advances and ACH funding) to smaller players just several weeks ago across a range of businesses, including sole proprietors and LLCs.
