Too Long; Didn't Read
Growth financing is designed to help small and medium-sized businesses get to the next level and achieve greater profitability. Traditional banks often fail to provide this type of funding for SMMEs seeking growth. Alternative lenders, including business development companies (BDCs) meet the needs of these businesses while providing significant benefits throughout the process. Technology financing is particularly appealing to alternative lenders, especially for companies providing Software as a Service (SaaS) Lending is particularly well-suited to growth financing, as it is based on recurring revenue.