Entrepreneurs have several alternatives to traditional bank loans, especially when interest rates are high:
Venture Capital: This involves raising funds from investors in exchange for equity in the business. Angel Investors: Wealthy individuals who provide capital for startups, often in exchange for ownership equity or convertible debt. Peer-to-Peer Lending: Platforms that connect borrowers directly with individual lenders, potentially offering more favorable terms. Grants and Competitions: Non-repayable funds awarded to businesses, often through government programs or industry competitions.