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Alternative business funding: Alternative business funding refers to non-traditional financing options available to businesses beyond the traditional bank loans. These alternative funding options, such as peer-to-peer lending, crowdfunding, and merchant cash advances, provide businesses with innovative ways to access capital. Unlike traditional loans, alternative funding often involves different repayment terms and eligibility criteria. For businesses that face challenges in obtaining funding through conventional channels, exploring alternative business funding can be a valuable strategy to secure the capital needed for growth and operational needs.