Varies according to product or instrument
Varies
Varies
From 1 day to several months
Broad range
All businesses
Alternative finance is a catch-all term for any type of business finance that does not come from a mainstream provider such as a high street bank.
Put simply, alternative finance describes any finance provided outside of the traditional banking system. Some people have a narrower definition that includes only the internet-based platforms on which borrowing and lending take place, usually between private individuals and businesses. We however prefer the broader definition.
Banks often have lending criteria that smaller businesses can’t meet, which is why businesses might look at non-bank options such as:
Our offices:
Disclaimer: Swoop Finance Ltd (Swoop) helps Canadian firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions.
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