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Buying a business can be an exciting and rewarding venture, but getting a loan to finance this purchase is tricky if you don’t have spotless credit or an already-established business. Fortunately, alternative lenders have made it easier for aspiring entrepreneurs to secure non-standard business loans, SBA loans, and other types of financing.

Bank of America offers a large, versatile breadth of loan products at competitive rates, but at the cost of fairly conservative lending practices and standards. Business loans from Bank of America are suited for small to large businesses. Despite its low-interest rates, it has stringent borrower qualifications and a poor public reputation.

altLINE can factor high-value invoices, but the flexibility allows you to pick and choose what (if any) invoices you want to factor in any given month. The rates are good to reasonable, with minimal nickel and diming.

Collateral is an asset used to secure a loan and ensure that the lender gets paid. The asset used as collateral is something of value that shows a lender that you’re prepared to pay off your loan. In the event that you are unable to make your loan payments, the lender can seize your collateral and sell it to cover the remainder of your loan.

With no monthly minimum fees, no binding contracts or cancellation fees, and a growing number of feature options, it’s clear that iZettle is worth a generous amount of consideration for mobile processing. While iZettle now serves a dozen countries, including Italy, Mexico, Brazil, Sweden, and Germany, we focus on the company’s UK services for this review.

AdvancePoint Capital offers everything from SBA loans to merchant cash advances. Find out if it’s the right loan marketplace for your business.

At first glance, Clover seems like an ideal POS solution. It’s flexible, feature-rich, and functional. However, it’s not a cheap product. But if you want a simple, attractive POS solution — and don’t mind taking a risk on customer service and payment processing — you could do a lot worse than Clover and its many different offerings.

For many small businesses, Ooma is an excellent choice. Some VoIP providers run up monthly bills with additional fees for features, add-ons, and integrations. Ooma, on the other hand, has extremely competitive pricing for its plans, all of which have solid feature sets.

The company has a solid reputation and ethical business practices. While I doubt it can give you the level of personal attention you’d get from a smaller processor, the competitive rates, fair contract terms, and state-of-the-art technology might be enough to make up for it, depending on the needs of your business.

The process of obtaining an SBA loan is daunting for any business. As a startup or new business, the process can be even more complicated. However, with a solid business plan in place and a good credit score, it’s possible to obtain the funding you need with SBA loans for startups to put your new business on the path to success.