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i3 Founder Contributes to Business News Daily article on Small Business Financing Options Without a Traditional Bank

"In its simplest form, a borrower creates an account on a peer-to-peer website that keeps records, transfers funds and connects borrowers to lenders," said Kevin Heaton, CEO and founder of i3. "It's Match.com for money. A key difference is in borrower risk assessment."
Kevin Heaton of i3 contributes to BND

i3 Founder Kevin Heaton contributed to a recent article by Josh Stowers for Business News daily. Kevin’s section covers peer-to-peer funding.

The article summarizes:

  • Venture capitalists are startup company experts. They can provide massive funding, networking and professional guidance to launch your business rapidly.
  • Generally, angel investors don’t ask for any company shares or claim to be stakeholders of your business.
  • The SBA loan guarantee program serves as credit insurance and will cover up to 90% of any losses the bank incurs.

Starting your own company can be a daunting but rewarding process. While a great business plan is crucial for founders, financing is one of the most important elements a small business needs to succeed.

If your small business needs capital but doesn’t qualify for a traditional bank loan, there are several alternative financing methods and lenders that may meet your needs. Here are some of the top financing options for small businesses.

Read the article in full on the Business News Daily website

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