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Alternative financing for merchants: Alternative financing options offer businesses innovative and non-traditional ways to access capital. These options may include peer-to-peer lending, crowdfunding, revenue-based financing, or merchant cash advances. By exploring alternative financing solutions, businesses can secure the funding necessary to support their growth and operational needs while avoiding the constraints of traditional bank loans. However, businesses should carefully review the terms and costs associated with alternative financing to make informed financial decisions and optimize the benefits of these innovative funding options.
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