When the great financial cash occurred in 2008, both the labour market and the fiscal landscape were changed forever.
In the case of the latter, new and more accessible funding options emerged as traditional and institutional lenders tightened their belts, and a similar trend is unfolding in 
the wake of the coronavirus pandemic and current economic crisis.
But what are the best such options to fund your new business in 2022? Here are a few of the options to keep in mind:
A Business Cash Advance
First up is a so-called “business cash advance”, which is a short-term type of unsecured cash loan that’s typically relatively low in value.
Unlike many types of business loans, it’s issued in accordance with the creditworthiness of the borrower, rather than being secured against company assets or similar collateral.
This means that you’ll need a good credit score to successfully apply for a business cash advance, although it’s interesting to note that there aren’t fixed repayments associated with this type of borrowing.
Asset-Based Lending
As we’ve already touched on, asset-based lending is far more commonplace in the commercial market, as companies are able to leverage their existing assets as collateral to secure potentially sizable loans.
What’s more, the rates of interest associated with this type of loan are typically low, as businesses are able to offset their risk through the provision of collateral and valuable assets by the borrower.
Ultimately, you can secure loans using business assets and high-value personal assets such as property or cars, while you can even leverage the equity that exists in your accounts receivable to secure short-term funding.
The downside here is that any assets used as security could be seized by the lender if you default on the terms of the loan, so it’s important to keep this in mind!
Angel Investing
We’ll close with angel investing, which involves a third-party investor (typically with a high individual net worth) providing financial support to a startup venture or entrepreneur.
This type of transaction usually sees financial support and funds provided in exchange for an equity stake in the company, with angel investors often able to negotiate competitive equity deals in relation to their total investment.
The challenge here is retaining control of your venture, as while selling equity in the firm is a viable way of securing angel investment, you don’t want to enter an agreement that gives up too much equity or a controlling stake in your company.
It’s important to choose your angel investor wisely too, as you’ll need to partner with someone who ideally understands your venture and its financial projections.
