Here is the list of Industries which can be immensely benefited from alternative funding.

1. Top 10 Industries that need
Alternative Funding
Best Option Funding

2. Accounting Industry
The Accounting Industry is related to activities such as bookkeeping, auditing, taxation,
payroll processing, and risk management & control to name a few. The companies that
are a part and parcel of this sector are always on the go and their operations shouldn’t
be hampered, especially due to finance issues.
Business funding for an accounting firm is needed so that the company concerned can
meet up to its expenditures. The expenditures may be related to setting up of an office
away from the firm owner’s home, daily expenditure, workplace equipment and so on.
Here, the alternative funding services work as a perfect source for the firm concerned to
meet its immediate expenses for moving forward. It is so because these services enable
the accounting company to receive funding within 2 to 3 days or in some cases within 24
to 48 hours.

3. Automotive And Aerospace Industry
The aerospace industry is one of the fastest-growing industries in the United States,
and it has showcased exponential yearly increase. Considering the nature of the
industry, the main concern is flexible and quick financial assistance to augment the
smooth functioning of the sector. Unlike standard funding, alternative funding bodies
can provide optimized financial assistance to these firms in a hassle-free manner.
Unlike the conventional lenders, alternative funding companies ensure a more optimized
way of issuing funds. They provide more strategic and usually a more appropriate
investment option than traditional bank loans or partner funding. They make the funding
process borrower-friendly by not imposing unwanted restrictions and paperwork. They
have no constraints when it comes to lending limits.

4. Alternative Dispute Resolution Industry
Alternative Dispute Resolution or ADR is a procedure that includes any Dispute
Resolution Procedures as well as techniques. These techniques act as a means for
disagreeing parties for reaching an agreement short of litigation. In other words, it can
be defined as a process or collective term for all the ways that parties can settle
disputes with the assistance of a third party concerned.
At times, they need funding for their business where the turnaround time needs to be
immensely less so that they can focus more on their legal case related schedules for
their clientele instead of their own financial worries. So if they try taking the help of
institutions like banks then it may just add more woes to their worries. Hence, an
alternative funding network-based private firm is the need of the hour for such ADR
companies in this fast-paced life where the judicial system is also being modernized.

5. Alternative Medicine Industry
In the past few years, Alternate Medicine as an Industry has gained immense popularity
among certain sections of society on a global basis. It is an industry where the medicine
under question is used as well as promoter of the practices which are disproven,
unproven, exceedingly harmful in relation to their impact, or impossible to prove. All
such is done to attain the healing effects of the medicine concerned.
Alternative Medicine Industry related firms approximately have a twenty percent
chance of getting their fund's loan approved from a banking institution. Now getting
such a bleak chance makes it immensely tough for these firms or their industry as a
whole to survive in the big tough world of the medical sector globally. This is the
moment when such firms can opt for Alternative rather than traditional forms (or
sources) of funding to keep their organization operations running smoothly.

6. Animation Industry
Animation, games, and VFX are industries that consolidate creativity and imagination
with technical expertise. It is a fast-growing and cutting-edge field encompassing scope
like games designing, animator operation, visual effects designing, conceptualization,
digital painting and technical directing.
With the advent of digitalization, more and more viewers of all age groups are
interested in the animation related entertainment. Though it is booming there is still
some uncertainty related to the growth and survival of some of the industries related to
animation. When conventional sources like banks deny financial support to these
industries then the alternative funding sources come into play. Alternative finance
sources suffice the financial needs by providing quick access to flexible funding.

7. Apparel fashion industry
The apparel fashion industry consists of firms that design and sell clothing,
footwear and accessories. Goods categories include everything from basics to
luxury items. Traditionally, apparel companies were wholesalers, selling large
quantities of goods to retailers, which then marked-up items and sold them to
consumers at a profit.
Although this industry is booming in the market there are some small firms and
startups that face extinction due to funding issues. To solve the issues related to
the funding, alternative funding can be the best bet for most of the firms. The
alternative funding agencies make the funding process borrower-friendly.

8. Architecture Industry
Architecture Planning is a field of aesthetics that interfaces with fields like civil
engineering and are termed as an applied science. Architecture planning firms center on
the construction of a building and other similar structures. Throughout time, architecture
and architectural styles have had artistic, cultural, and political significance, with
important architectural structures transforming into landmarks or monuments of a
bygone era.
It is important to identify the loopholes that slow down the firm’s operations and get it
solved at the earliest. Similarly, it is important to recognize the barriers like financial
limitations that put a break on daily operations of these firms. Alternative funding
agencies can be the best bet for most of the architecture planning related firms.

9. Arts and Craft Industry
The Arts and Craft industry encompasses goods that are handmade by artisans or
those skilled in a particular trade. Small business firms engaged in the arts and craft
trade include everything from art galleries to handmade textiles to culinary products.
Often, industry entrepreneurs operate independently and are not franchised. The
industry usually relies on locally sourced supplies and community support to maintain a
customer base.
The firms related to the arts and craft industry usually face overhead expenses that
come with selling a physical product like expenses involved in packaging, inventory
storage, etc. They even require funds to manage expenditures involved in purchasing
raw materials and manual labor wages. Considering the chronic financial crunch
surrounding this industry, alternative funding companies ensure a more tailored way of
issuing funds.

10. Aviation Industry
Aviation or Airways Transport Industry basically deals with the activities that are related
to aircraft as well as mechanical flight industry. The Aviation Industry in today’s day
and age of the Internet and modern technology has become a huge sector across the
globe. It is very true in the saying that bigger the industry or sector, higher the stakes
and the Aviation Sector is not an exception to it.
A Business Line of Credit is one type of small business funding that is meant to provide
a collection of funds from where capital can be drawn to meet business expenses.
Various tasks such as managing cash flow groups, purchasing inventory, etc. can be
carried out with the help of Business Line of Credit. The mode of this funding is that the
Aviation firm concerned will only repay what it will withdraw, and it can do so with an
already agreed upon repayment term and interest rate.

11. Banking and Broadcast Industry
The growth of the banking and broadcasting industry-related firms are directly
proportional. Banks borrow money by accepting funds deposited on current accounts,
by accepting term deposits, and issuing debt securities such as banknotes and bonds.
The factor guiding the banking firm survival is solely dependent on the firm’s outreach
to the potential customers. Broadcast media industry provides the answer to the
marketing of the banking sector. Both the industries need financial security to ensure
their smooth functioning.
The conventional sources may not always prove to be the best option for financing
needs as they may put pit stops in the development of this sector. Some of the common
issues are uncertainty and delayed the process of fund issuance. Alternative funding
options make the funding process borrower-friendly by not imposing unwanted
restrictions and immense paperwork formalities. They have no constraints on lending
amount limits. With their reasonable loan rates, shorter loan-processing period and
faster transactions, the borrower can access money quickly.