How to Secure Business Finance Without Going Through a Bank
Starting or growing a business often requires access to funding, but securing a bank loan isn’t always straightforward—especially for new businesses without an established track record. Fortunately, there are alternative finance options available to entrepreneurs and business owners looking to invest in their future.
1. Personal Loans: A Viable Alternative for Start-ups
New businesses often struggle to meet the strict lending criteria imposed by banks, making traditional business loans difficult to secure. If your business is still in its early stages, a personal loan could be a practical solution.
Pros and Cons of Personal Loans for Business Use
✅ Easier approval process compared to business loans
✅ Quicker access to funds without extensive financial history
✅ Flexible repayment terms
❌ Higher interest rates than standard business loans
❌ Lower borrowing limits
While a personal loan may not be ideal for large-scale funding, it can serve as a financial buffer for start-ups and smaller business expenses.
2. Private Funding: A Flexible Solution
For businesses that don’t meet traditional lending criteria, private funding can be a more flexible option. Private lenders typically operate through trust accounts, offering custom financing solutions for businesses that may struggle to secure loans from major banks.
💡 Pro Tip: Working with a commercial finance broker is highly recommended when exploring private funding, as they can ensure you partner with reputable lenders.
3. Crowdfunding: Raising Capital Without a Loan
Crowdfunding provides an alternative way to finance a start-up by raising money from individuals online. There are two common crowdfunding models:
- Equity Crowdfunding – Investors receive a share of the business in exchange for funding.
- Rewards Crowdfunding – Businesses pre-sell products or services to generate upfront revenue before launching.
While crowdfunding removes the need for bank loans, it does come with risks, as the success rate for small businesses is relatively low.
4. Working with a Commercial Finance Broker
A commercial finance broker gives business owners access to a wider range of loan products, beyond traditional bank loans.
Why Use a Broker for Business Finance?
✅ Expert advice on lending options tailored to your business
✅ Access to private lenders, alternative funding sources, and specialized loans
✅ Competitive rates beyond standard business loans
If you’re seeking business financing but aren’t sure where to start, working with an experienced broker can save time, money, and hassle.
Explore Your Business Loan Options with CBM Mortgages
At CBM Mortgages, we help business owners secure financing that aligns with their goals—whether through commercial loans, private lending, or alternative funding sources.
📞 Want expert guidance? Contact us today, and we’ll help you:
✔ Find the right loan solution for your business
✔ Compare interest rates and lender terms
✔ Navigate private lending and alternative finance options
🚀 Ready to finance your business growth? Explore your options: CBM Mortgages Business Finance Guide
Written by Craig McDonald 08/06/2025
