The Twenty-first century has seen the fall of the monopoly and trust of the world that banks once held. It has also seen the rise of small business loan brokers that have used this opportunity to fill the voids that banks have left behind in the business field. Voids left behind because banks have failed to provide business loans to thousands of business owners today and meet their demands without following their tedious, restrictive bureaucracies; due to this, these alternative methods have taken over.

Read More: Guide to Get Alternative Business Finance for Your Small Business

Today, many business owners prefer to work with these small business loan brokers instead of working with banks. These business brokers include credit unions, angel funders, and Merchant Cash Advance. Let us take a look at every one of them, analyze them further, and find out which one of them is the best way to attain good business funding.

Credit unions

Credit unions have been around for as long as banks have. But the only difference between banks and credit unions is the fact that credit unions are closed systems. That means you cannot simply just become a part of them; you first need an introduction from a pre-existing member through which you can become a member.

But once you become a member, you will be exposed to their truly democratic system. A system which allows them to share all of their profits among each other equally, this does seem one of the best small business loan brokers. But it falls short when you think about the fact that they do not offer much more than that. And there is also a limit on how much you can loan from credit unions.

Angel Funders

As the name suggests, angel funders are basically like angels, as they are the big business owners or corporations who fund small business owners when in need. Some of the biggest examples of angel funding come from Facebook and Google. Both of these companies fund many different business owners by investing in their business.

Not just that, because these angel funders also use their contacts and connections to make sure the small business owner is able to survive and thrive in the world of business. These would be the best small business loan brokers, if not for the fact that the demand for such funders far exceeds their supply. You can be one of the thousands of business owners who want to attain such funding, and the chances of you attaining it are incredibly less.

Merchant Cash Advance

Merchant Cash Advance is a democratic system like credit unions, but it is also decentralized. So, every independent lender that offers loans to the business owner is basically his/her own boss. And so, Merchant Cash Advance gives you the access to negotiate with your lender on your own terms.

Alongside that, the entire process of Merchant Cash Advance is fast paced, transparent, and hassle-free.

Read More: Merchant Cash Advance: Helping Businesses Everywhere

So, Merchant Cash Advance is the best small business loan broker because it has an incredibly high acceptance rate. It does not come with any restrictions or collateral. Moreover, a MCA is very quick to attain.