Traditional financing models rely on a well-established banking and financial sector, physical or financial asset value, and also the ability for companies to trade in that value – all the things that are hardest for a start-up or MSME to show! However, the good news is that financing is increasingly becoming more flexible and available through multiple sources today. Traditional financing models are being challenged by models that have emerged in the internet era, which are flexible in terms of both access and availability. Some such models are listed below:
If you have all the other elements of what could be a great startup and the traditional funders are getting you down, give one or more of these a shot, and share your experience here on how it went!