Website: altfunding.com
Category: finance-insurance
City: Fort Lauderdale
Country: US
Founded: 1999
Employees: 51-200
**What is Altfunding?** Altfunding is a financial services company founded in 2015 and based in Fort Lauderdale, Florida. It specializes in providing alternative business funding options with the goal of supporting small to medium-sized enterprises. The company caters primarily to businesses seeking fast access to capital outside traditional loan systems. As a provider in the fintech lending space, it offers financing solutions that address common cash flow challenges for its clients. **How does it work?** Altfunding operates by connecting businesses with various alternative funding products, notably merchant cash advances. The process typically involves evaluating a business’s revenue streams and providing funding based on future sales projections. This method allows businesses to receive working capital quickly without the extended underwriting process of conventional loans. Altfunding facilitates the application and funding process, enabling timely access to funds necessary for operational growth or immediate expenses. **Products and services** Altfunding’s core offerings include merchant cash advances and other credit-based financial products aimed at meeting business capital needs. These services provide advances against future revenue, supporting businesses with flexible repayment options tied to their cash flow. The company’s products are designed to assist businesses that may not qualify for traditional bank loans or need expedited funding. Altfunding’s portfolio focuses solely on business clients within the United States, delivering financial products that address short-term liquidity and growth initiatives.
Response rate: 0%
A lot of users have mixed feelings; some appreciate the quick access to funds while others report issues with service reliability. It seems like experiences can vary widely depending on individual situations.
Some users have mentioned unexpected fees and unclear terms, leaving them feeling a bit deceived. It's a good idea to read the fine print carefully before signing anything.
Many users have noted that the repayment options are quite flexible, which is a plus for businesses with varying cash flows. However, the actual terms can depend on individual agreements, so it's worth asking for details.
Most people say the application process is quicker than traditional banks, which is great if you're in a pinch. However, there are reports of some frustrating experiences, so prepare for varying levels of service.
Yes, several users have expressed dissatisfaction with customer service, saying it can be difficult to get timely responses. This might be something to keep in mind if you think you'll need a lot of support.
Many users prefer Altfunding for speed and easier access, especially if they've been turned down by banks. However, do note that the terms may be less favorable than conventional loans, so weigh your options carefully.