Are you a small business owner who is seeking telecommunication financing for your business model? If you approach the concerned authorities in your locality, they will let you know if you will receive the financing or not. Being the proprietor of a telecommunications firm, you will know that this is not the case always. There are traditional lenders who do not know or understand how the company does the business or the intricacies that are involved in such funding.
On the other hand, large telecom MNC companies receive a lot of funding as they will make huge revenues from the business. This is not the case with the small telecommunication businesses as they will not understand your business’ functionality. The banks will take almost 45 days or more to meet your financing requirements making you wait for a long time. These issues are unique to this industry, and only the business owners like you will know them.
If you are looking for a business financing, there are three choices for you. They are factoring, investment capital and asset based solutions. Factoring is a process that lets you borrow money against the receivables of the company. Investment capital is ideal if your company is open to accept investment capital. The asset based solutions is a funding system that involves using the existing contracts, assets and equipment for the financing. In the case of small business, the investment capital option is the best one as it is a win-win solution for all in comparison to the other methods.