FUNDING

OPTIONS
Best Funding Loans

An information report from Best Option Funding

As Seen On :
 Text Copyright @ 2018 Best Option Funding Inc.

All Rights Reserved Worldwide

The information provided in this resource guide is for educational

purposes only. It is not intended to be relied on as a legal or tax
planning advice. The information contained herein has been
compiled from publicly available sources and was accurate at the
time of publication.

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 TABLE OF CONTENTS:-

Are you looking for Funding…………………………………………………...............… 4

Business Health Assessment ……………………………………………………........... 5
Interpreting Business Financial Condition Results for funding needs…………......... 6
Funding: The Ultimate Advice…………………………………………………............... 7
Business Funding - A channel to easy and smooth finance availability…………...... 8
Accounts Receivable Factoring…………………………………………………............ 9
Merchant Cash Advance Loan………………………………………………….............. 10
Line of Credit……………………………………………………………………................ 11
Term Loan………………………………………………………………………................. 12
What Funding is Your Best Option?........................................................................... 13
Debt Consolidation Loans…………………………………………………….............…. 14
What can be done with Alternative Funding?............................................................ 15
Risks of Unreliable Funding Sources……………………………………………........... 16
Consumer Credit Counseling……………………………………………………............ 17
The Risks of Consumer Credit Counseling………………………………………......... 18
Debt Negotiation…………………………………………………………......................... 19 - 20
Is an Alternative Funding Company right for me?..................................................... 21
BEST OPTION FUNDING......................................................................................... 22
How can someone negotiate with lenders on my behalf?......................................... 23
Bankruptcy……………………………………………………………….......................... 24 - 25
Alternative Funding contributes to your credit score…………………………….......... 26
Beneficiaries of Alternative Funding from BOF…................………………………….. 27
Risks of Unreliable Funding Sources……………………………………………........... 28
Knowing about Funding Management Plan………………......………………….......... 29
Alternative Funding is the right choice to make………………………………….......... 30
Alternative Funding Agencies should be reputed………………………………........... 31
Q & A Section for Funding Know-How…………………………………………….......... 32
Frequently Asked Questions (FAQ)........................................................................... 33
Questions on the help of Lending………………………………………………............. 34
Case Study................................................................................................................ 35

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 Are You Looking for Funding?

But Alternative Funding is surely a way for such smaller LET US STOP
business firms for meeting their financial requirements
without any hassles.
YOU RIGHT
THERE

Best Option Funding is here to provide various If you have a small or moderately
Alternative Funding services to all such smaller business sized business then its obvious
enterprises and individuals. Some of these Alternative that at some point of time you
(Optional) Funding services that our company provides may have to seek funds. The
are stated as follows:- lack of funds can land your
business into a financial
 SBA Loan constraint and hold back your
 Accounts Receivable Factoring plans regarding expansion or
 Merchant Cash Advance even daily
 Line of Credit operations/expenditure. Here,
 Term Loan the going gets tough for
managing your business firm’s
finances when conventional
Keep reading the eBook further to know further details. finance based agencies like
banks shy away from providing
funds.

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4
 “Business Health”
Assessment”
How satisfied are you with your business finances at hand?

A. Extremely satisfied C. Extremely unsatisfied

B. Somewhat satisfied D. Somewhat unsatisfied

How has expenditure influenced your finances in the past year or more?

A. Almost no influence upon finances C. Somewhat intolerable influence upon

B. A fairly tolerable influence D. Immense intolerable influence upon

How often does your monthly expenditure exceed your revenues?

A. This does not happen C. This happens three or four months in

a year
B. This happens once or twice in a D. This happens five or more months in a
year. year

Do you plan out a weekly or monthly budgeting personally?

A. Yes, I always plan and adhere to a

C. I have tried keeping a budget but find it
budget.

B. I try to adhere to a budget, but D. I do not plan a budget at personal

occasionally. level at

How tough or easy do you find staying in a monthly budget?

A. It's very easy for me. C. I struggle more at this than others

B. I lapse on an occasional basis. D. I find this very tough or impossible to

try

Do you feel that is there sufficient money for business expansion?

A. Yes; I have adequate money C. I can’t think of business expansion

presently

B. Yes; I have the minimum funds D. I can’t afford business expansion at all

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5
 Interpreting Business Financial
Condition Results for funding needs:-
Score your assessment by using any of the following parameters:
A=10 Points, B=7 Points, C=5 Points, D=0 Points

i s a p e r f e c t s c o r e . Yo u a r e n ’ t
100 - struggling at this juncture. You may
be interested in educating yourself
120 -> about alternative funding to prevent
yourself from financial hazards.

indicates that you are in a good

81 - position. The situation is still
manageable. With some planning,
99-> you can avail some funding and
prevent from larger financial
disruption for your business

indicates that your business

Below - firm’s situation is quite
serious & you need to get
80-> advice from a qualified
indicates that you are struggling funding know-how
51 - with your finances, in spite of professional. You require
f u n d i n g o p t i o n s . Yo u a r e i n a instant alternative funding
80-> complex financial situation where services. There are various
your business needs immense genuine firms with online
alternative funding. presence to provide such
services .
.

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6
“Funding:
The Ultimate Advice”
Struggling with financial crunch is never easy. For many, the path to financial stability
in business is lengthy and tedious. On that note, there’s always a path out. With the
right guidance & knowledge of the alternative funding options, anyone can feel their
way out of the negative circle of financial instability and crunch.

To get you beginning on the correct path, this section on seeking funds without
resorting to bankruptcy is an introduction to the numerous ways that non-
conventional funding experts & even consumers are using these services to combat
financial instability for their small or medium business firms on a global level.

There are various approaches to dealing with funding. These are not at all over-night
solutions. When it comes to financial issues, there are no overnight (or quick fix)
solutions. There are a variety of solutions, however, that are not as tough or
expensive as many people think. Primarily, Credit Line, Term Loan, and Credit Card
Processing are stellar ways for tackling funding crunch without giving any second
thoughts to it.

7
 “Business Funding”

A channel to easy and smooth finance availability .

SBA Loan
SBA Loan is a funding service that is meant to assist small as well as moderately sized business firm
owners at the hands of the U. S. Small Business Administration. This government agency delivers
this funding under multiple SBA Funding programs to such smaller businesses. Here, the provided
SBA Loan is guaranteed of up to 85% of the provided loan amount through an SBA-approved
lender. Further, borrowers need to keep in mind that the 3 primary SBA loan services allow you to
borrow money for a number of business purposes. They may encompass purchasing real estate,
buying equipment or inventory, regarding working capital and so on.

How to apply for an SBA Loan?

You can apply for an SBA Loan from various large
as well as local banks. The banks lenders
concernedwould observe carefully upon your
business firm’s financial details and condition.
It is so in spite of their having an extensive
number of loan applications. The minimum time
an SBA Loan application can take to process at a
conventional agency like bank is just a couple of
weeks.

Pros and Cons of an SBA Loan

Here are the Pros of taking an SBA Loan:-

• Reasonable Rates of Interest

• Lowest Down Payments
• Well suited for a huge range of business purposes

Here are the Cons of taking an SBA Loan:-

• May need collateral

• Immense paperwork
• Longer approval time

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 Accounts Receivable Factoring

Accounts Receivable Factoring is a funding service where the lender concerned would advance you
50% to 90% of the invoice value in totality. The concerned factoring company is supposed to hold the
remaining 10 to 50% within reserve. Once you as a customer have paid the invoices in full then you
can get back the reserve, minusing the pre-agreed lender’s fees. Further, your lender would typically
extract a 3% Processing based fee upon the invoice amount. It would also charge a 1% Factor Fee
every week until you’ve finally paid the entire invoice.

How to apply for an Accounts

Receivable Factoring?

Getting an Accounts Receivable

Factoring is a step by step procedure
that can be stated in a point wise
format as follows:-

• Opt for the receivables you

would like to finance
• Apply for funding with an
Accounts Receivable
Financing company
• The lender advances you a part of the invoice’s face value, that’s usually
80% to 90%, but upto 100%
• You can utilize the funds for paying regarding business expenses. The
lender charges a weekly fee, till the time the customer pays the invoice
• Your customer then eventually pays the lender directly for the invoice
• The lender then deducts their fees (based upon how long the customer
takes to pay) and then advances off the remaining amount of money
towards you .

Pros and Cons of Accounts Receivable Factoring

Here are the Pros of taking an Accounts Receivable Factoring:-

• Instant access to Cash

• Invoices act as Collateral
• They are easy to qualify for
• Invoice Collection can be outsourced

Here are the Cons of taking an Accounts Receivable Factoring:-

• Higher Fees when compared to Traditional Business Financing

• A part of your profits needs to be given up
• Slow paying customers impact on whatever you owe
• Customers are aware that your business is Factoring Receivables

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9
 Merchant Cash Advance Loan
Merchant Cash Advance or MCA is not a loan in real sense of the term but a specialized form of
funding assistance. You can view this funding as one sort of advance upon small business credit
card receipts. The lender is allowed to obtain an advance of the regularly flowing funding through the
business firm’s merchant account if its a business owner who either accepts credit card payments or
has various other receivables or payment streams. In simple words, you can regard MCA as an
advance that’s based on the future credit card sales or revenues of any business.

MCA funding is meant to be seeked quickly and easily for getting business cash advance. Here,
there’s no need of either submitting a stellar credit score or even collateral.

How to apply for an Merchant

Cash Advance?
Applying to an MCA loan is easy and instant
because they are paid back along with your
daily credit card sales. The applications
regarding this funding service is carried
out mostly online. These applications can
be approved on the same day of applying
but they come with the highest cost of
capital upon any market. The documents
needed during the application process are Driver's License, Voided Business Check, Bank
Statements, Credit Score, Business Tax Returns and Credit Card Processing Statements.

Pros and Cons of Merchant Cash Advance

Here are the Pros of taking a Merchant Cash Advance:-

• Easy procedure of approval

• Instant access towards funds
• Acceptance of Bad Credit

Here are the Cons of taking a Merchant Cash Advance:-

• Lesser flexibility to modify merchant service providers

• Higher fees when compared to traditional loans
• Daily deduction of credit card receipts lessens flow of cash

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10
 “Line of Credit”
Line of Credit or LOC are funding services
that can be viewed as arrangements
between a financial agency like bank and a
customer who establishes the maximum
amount of loan to be borrowed. Further,
borrowers can access funds from the line of
credit any moment as long as they never
exceed the credit limit (or maximum amount)
that’s set within the agreement & even cater
to any other requirements like making of
timely minimum payments.

How to apply for an Line of Credit?

Getting a Line of Credit funding facility can be easy or tough, depending upon how you qualify
as a borrower or the type of LOC you are looking for in the first place. Here are a few things
that you need to look into before applying for the LOC funding as follows:-

• Check your Credit Score: Your credit score can play a huge role in the type (category)
of business line of credit that you can receive. A strong credit score will open up much
more options for you.
• Apply Online: Except for conventional banks, most business line of credit lenders would
have online applications to instantly upload all of your documents.
• Get your documents together: A few lenders would need a number of documents within
the application procedure, and few would have an easy & instant process.
• Compare options from numerous lenders: Once you know what type of business line of
credit you can qualify for, just compare the rates & amounts with various lenders.
• Apply Online: Except for conventional banks, most business line of credit lenders would
have online applications to instantly upload all of your documents.
• Get your documents together: A few lenders would need a number of documents within
the application procedure, and few would have an easy & instant process.
• Compare options from numerous lenders: Once you know what type of business line of
credit you can qualify for, just compare the rates & amounts with various lenders.

Pros and Cons of Line of Credit

Here are the Pros of taking a Line of Credit:-
• Instant fund withdrawal possible in terms of cash
• The funding helps in building good credit history
• The funding helps build good relation with lender for future
funding needs on further projects

Here are the Cons of taking a Line of Credit:-

• Provide smaller borrowing limits in comparison to Term
Loans
• Up front fees in addition to paying interest makes it costly

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 “Term Loan”

Term Loans are funding services

that can be defined as a lump sum of
capital that one can pay back at a
floating or fixed rate of interest with
regular payments. The word ‘Term’ in
a Term Loan is derived from it’s well
set repayment term length. This
duration can range from 1 to 5 and in
exceptional cases up even upto 25
years. Most borrowers utilize the
proceeds of Term Loans for financing
a particular and one-off investment
regarding their small sized business.
These loans can be utilized for real
estate, equipment or working capital
procurement.

How to apply for an Term Loan?

These funding services are usually a banking product. Hence, if you apply for Term Loans
from any bank then the application procedure would be longer, encompassing numerous
documents needed. The procedure’s duration can be reduced in case of Alternative
Funding.

The documents needed while applying for a Term Loan are Driver's License, Voided
Business Check, Bank Statements, Balance Sheet, Profit & Loss Statements, Credit
Score, Business Tax Returns and Personal Tax Returns.

“Pros and Cons of a Loan Terms”

Here are the Pros of taking a Term Loan:-

• Well set payment structure

• Longer payment terms when compared to Short-Term
loans
• Well suited for a large variety of business purposes

Here are the Cons of taking a Term Loan:-

• Potential Pre-payment based Penalties

• Generally they have huge paperwork
• There’s a risk of debt trap

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“What Funding Is
Your Best Op on?”
The Alterna ve (Op onal) Method of funding
is perfect for you if you have a small business
but need to arrange for finances instantly.
With immense confidence, you can follow this
funding mechanism even if your firm isn’t of a
large size.

There are a number of small and medium

scale enterprises (SMSE) across the globe in
various industries/sectors for which
Alterna ve Funding is more suited than
conven onal (banking) funding methods.
This is one process that makes it possible for
smaller business firms to repay their
borrowed funding amount without defaul ng
or delaying in payment making. This channel
“S ll Confused?”
is surely here to ins ll confidence among
many smaller but promising business firms Consider going for conven onal funding which
means the banking method. Even if you ‘manage’
to get funding help approved from any bank or
other such agency, you would need to take the
headache of things like high rate of interest or
collateral submission. With Alterna ve Funding
you can get a relief from such formali es.

13
 DEBT CONSOLIDATION LOANS

Debt Consolidation Candidate Assessment

Debt Consolidation Candidate Assessment

Are you frequently unable Are you consistently

1. to meet minimum 2. making late payments?
payments?

Have you borrowed Excluding car and house

3. money for basic amenities
like food and gas? 4. mortgages, do your debt
payments exceed 25% of
your income every
month?
Evaluating Results
INFO
If you have answered one or more of such questions then the bitter
reality is that your business is struggling to seek funds. Once you’ve accepted the fact
then also it isn’t enough until you prefer to go for alternative funding that too when
conventional funding isn’t available at all or on time.

You need to try the above methodology to keep your credit score history positive on a
long term basis along with maintaining your market image.

“Consolidating Debt & Seeking Funding Solutions”

If business expansion or even basic expenditure has started to exceed your firm’s
revenue recently then you need to backtrack by not just replanning your budgeting
but also trying for the funding method stated above. Once all such things are in
place, then you could save your business from financial crunch and even
bankruptcy.

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14
What can be done with Alternative Funding?

Credit Score

Credit Score:- Home:-

Alternative Funding does NOT stress on A hectic home loan becomes a mild
Credit Score Rating. This service bestows affair just due to the path of Alternative
trust upon a borrower even if its a smaller Funding. It hasn’t been the case with
business. traditional home loans from banks.

Happy Business Owner:-

Any small or moderately sized business owner now

does not need to reply upon an SBA Loan center or
agent. Alternative Funding is here to make him or
her happy.

Credit Card:-

Now availing a Credit Card service through

Alternative Funding can be as smooth as that of a
Charge Card.

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 DEBT
Pros & Cons of Debt Consolidation Loans The Risk of Losing Your Home

Debt Consolidation is related to taking out
one loan for paying off all your debts. These
loans are considered to be very convenient.
But these loans can cause much damage to
your financial condition over a long span of
time. Here, Alternative Funding can be a far
better option than a Debt Consolidation Loan
for your business.
Traditional finance agencies like banks
don’t loan out a huge sum of money
without collateral submission. Here at
times, the most apparent choice is for
securing mortgage against your home.
Equity Loans may come with low rates of
interest but only avail them if you are
confident to pay them off. Trying such a
facility through Alternative Funding method
is surely a safe choice to make.

Risks of Unreliable Funding sources

There are a number of sources (read agencies) in the industry market from where your small or
medium sized business can seek funds. But all the available sources shouldn’t be taken at face
value as some of them can be fraudsters or unprofessional at their services even if found to be
genuine. Hence, you need to keep the following points in mind while opting for a funding agency
to shape up your finances as follows:-

Never opt for a financial source if its Never opt for a financial

1. reviews aren’t positive on the Internet.

Even if there are some positive reviews,
a second opinion on its brand image
2. source which does not
display its service model
on its official website in a
needs to be verified from further more detailed manner.
review forums or related online articles.

Never opt for a financial source which Never opt for a financial
does not display its contact details on its source that makes tall

3. website or doesn’t have its prominence

on popular social media platforms. 4. claims but with little or no
service evidence to back it
up.

Avoid companies making

5. great promises with little to

back them up.

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 CONSUMER
CREDIT COUNSELING
Consumer credit counselors provide you with a Debt Management Program and experts who can
guide you through a practical debt repayment structure. There are still risks, and you have to be
well-informed before enrolling with this sort of program.

How Does Credit Counseling Work?

Once enrolled with a credit counseling
service, you'll be assigned to a counselor
who will sit with you to discuss your
financial situation. In this meeting, your
debts will be analyzed and a practical
budget for your expenses will be
constructed around your individual
needs.
Paying debt can take several months or even
years, and you have to be prepared to follow your
Debt Management Plan until the end. Credit
counseling services also offer credit education
services, giving you the skills to better manage
your weekly and monthly budgets. It is tempting
to skip this step, but you might be surprised at
how much you can learn about credit and staying
out of debt through a consumer credit counseling
program.

Debt Management Plans

A Debt Management Plan (DMP) will be

developed in conjunction with the credit
counselor and your creditors, all in an effort to
help you pay off your debts in a practical and
comfortable way. This should lower your
minimum monthly payments through
negotiations for lower interest rates. Once an
agreement is reached, the plan is set into motion.
All you have to do is send a monthly payment to
the credit counseling service to divide among
creditors.

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17
 The Risks of Consumer Credit Counseling
INFO

The Risk of Affected Credit :

Banks may be reluctant to provide your business with loan due to an affected consumer credit
rating. At such a juncture, when you are unable to seek or arrange funds by yourself then
Alternative Funding method is your last resort.

INFO

The Risk of Early Termination:

Alternative Funding plans are normally designed for a duration of 1 to 2 years during which the
borrower can repay the entire amount. However, late payment can lead to early termination or at
least a bad credit score image.

INFO

Consider the Count :

Many credit counseling services may initially claim to be “Non-Profit” agencies but they may
levy a minimum fee for the imparted services. Alternative Funding on the other hand can be a
great way to save you from such expenditure where every such expense ‘counts’ for your firm.

INFO

Consider your own Availability & Ability :

Consumer Credit Counselling may help you in handling the money matters on your behalf but at
times they may hamper your budget with hidden fee. Then it is only up to you for opting the
Alternative Funding route where such riders aren’t a possibility. Both ways are present for you
but it depends on your choice after keeping the viability factor in mind.

18
 DEBT NEGOTIATION

Depending on your situation, it is entirely possible that you'll never be able to completely pay off all of
your debts with your current income, without assistance. There is one last alternative to bankruptcy,
for those still willing to fight it out. Debt negotiation is a drastic and aggressive approach, the last
resort of those drowning in debt. .

How Does Debt Negotiation Work?

The Debt negotiation involves bargaining
persistently with banks. You will be asking the banks
to forgive a large portion of your debts in exchange
for a settlement paid in either a lump sum payment
or monthly payments. If all goes well, at the end of it
you'll owe the banks half of what you did before or
less in some cases. If the bargaining goes really
well, you can even reduce the amount to less than
half.
This is something that can be done with a
debt negotiation company or on your own,
though it may be much more difficult to
attempt alone if you don't have the
determination and patience to stick with it.
Still, with the right information and a good
amount of confidence, it can be done on
your own.

For example, if you owe $10,000 to a bank on a

credit card, you negotiate with the bank to allow you Pros & Cons of Debt
to close the account for a one-time payment of Negotiation
$5,000. In return for the one-time payment, the bank
agrees to erase the remaining $5,000.
The very obvious and biggest advantage of
debt negotiation is that it can considerably
reduce your debts. With a good debt
negotiation strategy, you can get the banks
to forgive almost half of what you owe them
or even more. Debt negotiation is
considered the last resort and best solution
for those who want to avoid bankruptcy.

Using the debt negotiation strategy, you

can pay off your debts within two to four
years. There is the small risk that one of
your creditors may decide to pursue
litigation if you can't pay the full amount of
your debt. Debt negotiation is legal and
gives you the right to hire an attorney if
required.

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19
 THE ROLE OF THE
DEBT NEGOTIATION

The biggest problem with a debt negotiation strategy is that it will have a negative impact on your
credit profile if you don't have bad credit already through missed or late payments. Instead of "Paid
in Full," your credit report will be updated to "Settled." It could be several years before banks are
willing to approve an unsecured loan for you again. The amount that the bank agrees to "forgive"
from your debt is also considered taxable income. If the bank agrees to settle for $5,000 on a total
debt of $10,000; the IRS would expect you to pay income tax on the remaining $5,000.

While debt negotiation enables you to reduce your debt with a settlement program, this may not be a
good option for those who don't have the resources to save for the settlement. Further, since you
stop making monthly payments to the banks, you are bombarded with collection calls and late fees
are added to your debt. However, a good debt negotiation company can handle the collection calls
for you so you don't have to deal with them.

The role of a professional debt negotiation company is to work out a reduced monthly payment for
you. You make a monthly payment to the debt negotiation company and stop making payments to
creditors. The money you send to the company is put into a savings account that you control.

The company bargains with your creditors for around five or six months. Eventually the creditors
agree to settle for an amount that is much lower than what you originally owed, the only condition
being that you make the payment within a short period of time (usually two or three months). You
then make the payments from your settlement fund according to the terms of the settlement and just
like that, the debt is settled and you are done with that creditor.

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20

Is an Alternative
Funding company
right for me?
Alternative Funding service enterprises offer
you top quality ways to seek instant funding.
All you have to worry is about making the
budgeting of your business expenses in a
planned manner. These enterprises can set a
deal with money lending agencies on your
behalf, thus making your trade life easier. This
channel is far better than the conventional
sources of funding where either you need to
pay some hidden fee or go for high rates of
interest or submit a collateral.
Alternative Funding services are applicable
for business firms of all sizes (in terms of
workforce and operations). They may be
large, medium and small but smaller firms are
more likely to be beneficial of these non-
conventional funding services.
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21
There are a few questions that will help
you decide if Alternative Funding is
needed for your business firm or not:-
1. Do you have a genuine & acute
funding issue?
2. Do you owe more than $25,000 in
debt for which funds are needed?
3. Is your firm accumulating debt to
bankruptcy levels?
4. Can you try for conventional funding
for catering to your business needs?
Financial hardships are part and parcel of
every business firm, especially if it's small
or medium sized. But taking the correct
funding channel, going for an organized
budgeting and avoiding irrelevant
expenses can help you stay away from
being broke. If your credit card shows that
you’ve been into business expansion
mode then your image won’t depict about
your firm being in financial trouble.
Alternative funding agencies would tend to
ignore your credit history but would surely
like to see the monthly earning statements
of your firm’s growth.
Alternative Funding companies generally analyze a business firm’s current financial growth before
providing them with their services. You can compare various alternative funding options on the
Internet and see in what ways these services are beneficial over the traditional funding services
(read mainly banking). But you always need to see that the alternative funding enterprise you are
contacting should be genuine as well as professional in nature. Their service terms and conditions
should be immensely transparent and easy to understand. One can always check on www.bbb.org
for accredited negotiation companies while an alternative funding company if needed to contact can
always be Best Option Funding anytime.

Best Option Funding is a BBB accredited business that’s based in New York City which delivers
top-notch Alternative Funding across the US. It also has prominent presence on popular social
media platforms like Facebook, Twitter and Medium. Any small or medium sized business firm
can feel free to get in touch with our team by calling on +1 646-203-0344 any day.

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22
 How can someone negotiate with
lenders on my behalf?

It is possible to negotiate with lenders on your own behalf if you represent a large sized business firm.
But the problem arises when you are here to represent a small or even a moderately sized business
where getting funds is tough. Conventional finance based agencies like banks would fret upon
lending you with funding help because of your firm’s image credibility issues. Your business firm may
reach a point when the severe lack of funds may push your firm towards bankruptcy.

In this situation you like many other smaller firm owners can always opt for the route of alternative
(non-conventional) funding. Here, instead of having to negotiate with lending agencies, the
alternative funding enterprise can take this negotiation headache on your behalf. All this can be done
with a one time service fee to such a company with numerous added benefits under the Sun. Getting
the banks to agree for imparting funding assistance isn’t an easy task but such enterprises usually
have a tie-up with a network of banks & other financial service agencies. The added benefits these
companies can provide you are the escape from mandatory collateral submission, lower interest
rates, and flexibility of credit score display. There are other things like higher amount of funding help
as well as minimum paperwork to enjoy on the table.

23
 BANKRUPTCY

You’ve tried for banks, micro finance companies and even reputed lending individuals. But none of
them are ready to provide you with funding assistance. If your small or moderately sized business
has to meet expansion plans or spending related to development of your business then lack of
such funds isn’t much big of an issue. BUT if you need funding help for catering to your business
firm’s daily expenditures or workforce salary issues, etc. because of weak financial condition or
external factors like economic slowdown then lack of such funds is surely a matter of grave
concern.

If you are unable to get funding assistance from all such traditional financing agencies then there
may be chances of your firm to move towards bankruptcy. The most unattractive factor with
bankruptcy is that it can impact your credit report for up to 10 years. Stakeholders may be unwilling
to invest in your business in such a situation and getting any type of loan in the future may also
become tough.

Ask yourself a few questions before you file for bankruptcy.

1. Is your monthly income lower than the state median for your family?

2. Have you determined that other choices are not practical for you?

3. Is your Debt to Income Ratio over 40%?

4. Have you had a lawsuit filed against you and/or received notice
to appear in court due to an inability to pay your debt?

5. Are you about to lose property?

If you answered yes to the above, you're already bankrupt.

Bankruptcy is a legal process and any decision relating to such should only be made after careful
consultation with an attorney who practices bankruptcy law. Hence, if you don’t want your
business firm to go bankrupt just for the unavailability of funding help then always try for
Alternative Funding in the need of the hour. Best Option Funding is here to deliver top quality
alternative funding services to all smaller sized business firms globally.

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 Two Types of Bankruptcy
There are 2 different categories of bankruptcy that you should be familiar with. These need a
means test for ensuring that you have a legitimate claim towards bankruptcy proceedings.
Trying for Alternative Funding can save your business from any of these bankruptcies.
TYPE-1
If the monthly income for the business of
your size is less than the state median, you
are eligible for ‘liquidation’ or ‘Straight
bankruptcy’. This is the easiest, fastest &
most general kind of bankruptcy. Specific
properties like your house, vehicles,
furniture, clothes, and certain tools and
appliances are considered exempt
properties. You can keep them. Any non-
exempt properties; like second cars and
antiques or homes would be liquidated for
paying off your debts. Your secured debts
may or may not be forgiven. If you have
been lacking upon these payments, the
court might allow your creditors for
repossessing property that’s used as
collateral. Generally the processes of this
bankruptcy take 3 to 6 months. The cost for
this bankruptcy varies, depending upon if
you’ve hired a bankruptcy attorney for
assisting you with the filing. It can run
numerous hundreds of dollars to some
thousands of dollars.
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TYPE-2
The Type-2 bankruptcy is known as
‘Reorganization Bankruptcy,’ This concept
called ‘Reorganization Bankruptcy’ enables
you for preserving your business & all other
assets, rather than liquidating. This
bankruptcy does not erase all of your debts.
Rather, you will have to pay a specific part of
your debt over a span of 3 to 5 years. You are
only eligible for filing this bankruptcy if you
can prove to the court that you have
disposable income after you have paid for all
of your basic necessities & you can afford for
paying off a specific part of your debts. This
also means that you will not be allowed for
filing for this bankruptcy. It does not forgive
secured debts or even “priority debts” which
encompass alimony, child support & certain
taxes. Under a firm repayment plan, any
money that you may have left over from your
expenses will be utilized for all the
unsecured debts.
 Alternative Funding contributes to your
Credit Score
The biggest issue with an Alternative Funding strategy is that it may have a negative influence upon
your future credit score if you take this service for granted and repeatedly default upon payments
even if you get a flexible window from the firm. Avoid going for creating a business circle image due
to which other Alternative funding firms feel hesitant to help your business with funds when already
traditional agencies like banks are out of bounds.

You always need to keep in mind that a good Alternative Funding company can manage the
collection calls for your business so that you don’t require to deal with them.

THE ROLE OF AN ALTERNATIVE FUNDING COMPANY

The role of a professional Alternative Funding company is to work upon a reduced monthly or one
time payment for your business. You make a monthly/one-time payment to the Alternative Funding
company and avoid making direct payments to creditors. The money you send to the company can
be put into a savings account by taking you into confidence.

The company can bargain with your creditors for around 5 or 6 months. Gradually, the creditors
may agree for settling to an repayment timeline and amount that suits your business financial
requirements, the only condition being that you make the payment within the apt time duration
without inordinate delays or defaulting. You then make the payments for your business finances as
per the terms of the funding service. In this way, the funding amount is arranged and you are done
with the payment making, keeping your credit score intact.

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 Beneficiaries of Alternative
Funding from BOF

There are a number of industries across the globe which have some large and many medium as
well as small scale firms that have become beneficiaries of alternative funding that too at the hands
of Best Option Funding (BOF) as follows:-

Textile Industry

Automotive and Aerospace Industry

Animation Industry

Import and Export Industry

Mental Health Care Industry

Paper and Forest Industry

... and so on.

www.bestoptionfunding.com
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 Risks of Unreliable Funding
sources

There are a number of sources (read agencies) in the industry market from where
your small or medium sized business can seek funds. But all the available sources
shouldn’t be taken at face value as some of them can be fraudsters or unprofessional
at their services even if found to be genuine.

Hence, you need to keep the following points in mind while opting for a
funding agency to shape up your finances as follows:-

1. Never opt for a financial source if its reviews aren’t positive on the
Internet. Even if there are some positive reviews, a second opinion
on its brand image needs to be verified from further more review
forums or related online articles.

2. Never opt for a financial source which does not display its service
model on its official website in a detailed manner.

3. Never opt for for a financial source which does not display its
contact details on its website or doesn’t have its prominence on
popular social media platforms.

4. Never opt for a financial source that makes tall claims but with little
or no service evidence to back it up.

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 Knowing about Funding
Management Plan

A Funding Management Plan (FMP) can be developed in conjunction with a reliable alternative
funding service provider and other stakeholders concerned (if any). All the parties concerned can
work together in an effort to help you seek funding for your business in an easy and instant way. This
should not just save upon your time or effort but also pave the way to additional service benefits. The
benefits may be lower rates of interest, no submission of collateral, and so on. Once a service
agreement is reached upon then the plan is well set in a particular direction.

Repaying the borrowed funding can take many months or even years so you need to be prepared
with your Funding Management Plan until the end. Hence, experts from genuine alternative funding
agencies can impart you the skills to manage your weekly as well as monthly budgets in a better
manner. It may be quite procrastinating to skip this stage but you would be surprised at how much
you can learn about FMP and repay your borrowed funding amount on time.

How does Alternative Funding work

Best Option Funding is essentially an online alternative funding brand, one that’s specially designed
to help small and medium sized businesses to obtain numerous types of financing. Best Option
Funding makes money by matching the borrowers who seek financing with the lenders and then
gets a referral fee from the concerned lender whenever a loan agreement is designed.

The leading partners of Best Option Funding are mostly a number of financial agencies from NYC’s
Wall Street area. They aren’t just restricted to banks but other types of agencies like microfinance
companies are involved too. Best Option Funding is not a lender in itself but a loan/funding
facilitator. It provides an online channel to bring together would-be borrowers seeking finance with
potential lending agencies. Our brand’s consultants are here to help borrowers to explore as well as
analyze various funding options. The concerned consultants even impart help regarding the funding
application procedure.

Best Option Funding makes a point of being very much transparent regarding how it is
compensated for all it’s services that are imparted to prospective borrowers at reasonable fee. We
always ensure that alternative funding for smaller businesses is always a capital offered to firms in a
non-bank type time saving manner. Our services are unlike consumer lending, where a number of
various products are available. These products have varying term lengths, eligibility requirements,
and pricing structures.

www.bestoptionfunding.com
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 Alternative Funding is the right
choice to make
Alternative Funding companies offer you with expert funding and investment related services. Now
you don’t need to worry about things like collateral or the unsurety of getting funding assistance.
The alternative funding agency concerned is here to get your firm funding assistance on its behalf
from the industry market.

Alternative Funding is more focussed on getting financial assistance to small as well as medium
sized business firms from any industry. It is so because they unlike large sized firms, the smaller
firms find it very much tough to seek funding help from conventional agencies like micro finance
companies or banks.

There are a few questions that will help you decide if you need to go
ahead with Alternative Funding:-

1. Does your smaller business have an urgent or average financial issue at hand?

2. Do you have bank statements of your business firm of the last 3 months?

3. Do you have the ability to avoid defaulting on monetary assistance through Alternative
Funding?

4. Are you ready to trust on a 3rd party agency to borrow financial assistance which is an
Alternative Funding company?

Your business firm may face funding crunch that may result in hindering your daily business
operations. It may include paying the workforce, catering to expenditures like water, electricity or
stationary, or investment requirements on expansion plans. Whatever the expenditure
requirements may be for your business but if the time at hand is short and you need a simpler
process to arrange for finances then Alternative (Non-Conventional) Funding is always a better
path than Conventional (Banking type) Funding.

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 Alternative Funding agencies
should be reputed
If you are availing the services of an Alternative Funding agency then always ensure that its reliable
as well as professional to the core. Several companies are known to make false service assurances
in return for a big fee. Such agencies may be unable to efficiently help you seek funding help for your
business. Web sites like www.bbb.org are meant for you to check out for all the accredited debt
negotiation agencies for assisting you out.

Best Option Funding is A+ accredited with the BBB (Better Business Bureau) which you can view
over here https://www.nationaldebtrelief.com/accreditations/

Our team is here to deliver various Alternative Funding services in an easy, simple and instant
manner.

Alternative Funding can deal with Creditors for you

Alternative Funding agencies like Best Option Funding (BOF) can deal with Creditor agencies like
banks and microfinance companies for you. BOF has a tie up and has a great networking among
numerous such financial agencies in NYC and its adjoining areas.

If you go ahead for alternative funding from a reputed agency dealing with such services like BOF
then it would be a hassle-free experience for catering to your business expenditures. Getting the
banks to agree for imparting funds for smaller business firms isn’t an easy task and the process may
run into months. Alternative Funding makes this process a matter of few days and sometimes 24 to
48 hours.

Now be it Merchant Cash Advance (MCA) or Credit Line, our team at Best Option Funding is here to
impart all such services at the hands of financial agencies for your behalf, rather than you reaching
directly. On top of it, you can have the advantage of minimum paperwork without the pressure of
displaying a great credit score history.

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 Q & A Section for Funding Know-how

Q: How do I know what kind of funding help is needed for my

business?

A. If you’re reading this report then you must have probably realized that you need to opt for the
apt funding help platform to channelize your debts. Firstly, you should give a try of seeking funding
assistance from traditional finance based agencies like banks. If your business is small or medium
sized then there are hardly any chances to get your funding approved from such agencies. When
this method fails then Alternative Funding can be the next preferred choice for your business.

Q: How do I manage to get an SBA Loan approved?

A. Undergoing the entire process to seek an SBA Loan can surely be a time-consuming and
daunting experience. Hence, you would need an agency that can get an SBA Loan approved on
your behalf even if yours isn’t a large sized business. Alternative Funding is the key to this
problem.

Q: How do I find a good Alternative Funding service?

A. Finding an Alternative Funding service agency is not that tough as it may have used to be some
years ago due to the Internet today. But even on the Internet, you need to go for proper research
and come across an agency that’s not just genuine but professional to the core as well. If you still
find this online research process to be time consuming as a busy person for your small or medium
sized business then all you need to do is get in touch with Best Option Funding today.

Q: Are Alternative Funding companies better than traditional

financial agencies to seek financial help?

A. The answer to this question is a ‘Yes’ for sure. Alternative Funding companies are way
better than traditional (conventional) agencies for seeking financial assistance in the following
ways:-
• No worries about submitting collateral
• Minimum paperwork required
• No headaches regarding the showing of positive credit score
• Funding help procedure is done in minimum possible time

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 Frequently Asked Questions (FAQ)

Q: Do I need to submit my business firm’s credit score history for

seeking financial help from Best Option Funding?

A. No, at Best Option Funding you only need to apply for financial help via an online
application process at our official website. While applying you only need to attach the last 3
months of your business statements as well as merchant processing statements (if applicable).

Q: How do I get in touch with your team to begin with the online
application process to seek financial help from Best Option
Funding?

A. You can initially set an appointment with our team by filling up an online schedule form from our
side. Once you submit this page to us then our team would get in touch with you to guide regarding
our financial services and how to proceed further to seek funds. Best Option Funding firmly
stresses on a fast, easy and reliable funding help application procedure.
Here is the page’s link where you need to begin: https://bit.ly/2CxbaY0

Q: What are the financial help services which I can get at Best Option
Funding to boost the financial condition of my business?

A. At Best Option Funding you as a small or moderately sized business firm owner can get easy
access to various funding help services such as:
• Business Credit Cards at 0%
• Credit Line
• Invoice Factoring at 1.25%
• Term Loan
• Monthly Loans at 1.25%
• Merchant Cash Advance (MCA)
• Free Credit Card Processing
• Credit Card Processing
• Commercial Real Estate Loan

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 Questions on the help of Lending
Q: How does the Funding Process work exactly?

A. As a simple business owner who needs funds for his or her firm, all you need to do is fill up a
simple application form that’s done after fixing a schedule (appointment) with our talented team.
Here, you just need to answer some questions regarding your business to check which lending
services you can qualify for from our end. Best Option Funding can deliver on a variety of lending
services because we have a tie-up with leading financial vendors based in NYC’s Wall Street area.

Q: Where can I get a lender that also provides expert financial

advice?

A. There are a number of lending agencies in the market, be it a traditional organization like bank or
an Alternative Funding firm. But all of them don’t provide expert financial advice and primarily are
more concerned about getting back their funds from the borrower. Best Option Funding is different
from the rest as our team is made up of highly knowledgeable people who can guide you on how to
utilize the funds we provide you for sorting your business finances.

Q: Where can I get a lending agency to seek funds without my

business credit score being an issue?

A. Well, you don’t need to go anywhere as Best Option Funding is just the place where we
acknowledge small or medium sized business firms. We are here to deliver them with funding help
as per our terms and conditions where credit score is certainly not a must-have.

www.bestoptionfunding.com
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 CASE STUDY
American Women Entrepreneurs: Alternative
Funding makes them achieve their goals. A recent
study has found that around 58% of women
business owners expect to bump up their revenue
over the next 12 months.

In the recent few years it has been seen that there

has been a steady rise of women entrepreneurs
across numerous states in America. All such hard
working women needn’t be heading large sized
MNCs but many of them are running moderately
and small sized business firms from either their
homes or small arranged office spaces. In 2017,
less than half of women business firm owners
expected their revenue to bump up over the year
ahead. But in 2018, it can be seen that their
confidence has increased along with the monetary
amount they expect to bring for their business even
if its small.

But there are still a number of business women who are unable to sustain their firms on a long term
basis because they are unable to get either an SBA Loan or a normal business loan from traditional
finance based agencies. But recent observations have shown that in the past one year, such
entrepreneurs have shown gradual yet consistent growth for their business by availing Alternative
Funding. They may be involved in the business of Arts and Crafts or Fashion Designing and have
immense scope for earning profits in the long run. Alternative Funding has helped many such
women to generate and consolidate revenues for their smaller but growing business firms. Thus, in
a way Alternative (or Optional) Funding has helped in not just the growth of several women
entrepreneurs but also in the progress of the US Economy.

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Where to Go Next?
Visit the websites at the internet links below...

Visit us:
www.bestoptionfunding.com