Explain the various non traditional sources of long term financing and discuss the circumstances when they can be used.  

Traditional sources of long-term financing include bank loans, bonds, and equity shares. However, there are several non-traditional sources of long-term financing that businesses can explore. These sources of funding are becoming more popular as businesses seek new ways to access capital. Here are some of the most common non-traditional sources of long-term financing:

1. Crowdfunding Crowdfunding is a popular non-traditional source of financing that involves raising funds from a large number of people through an online platform. Crowdfunding can be used to raise funds for a wide range of purposes, including launching a new product or service, expanding a business, or funding a social cause. There are several types of crowdfunding, including reward-based, donation-based, and equity-based crowdfunding. With equity-based crowdfunding, investors receive a stake in the company in exchange for their investment.

2. Peer-to-peer lending Peer-to-peer lending (P2P) is another non-traditional source of financing that involves borrowing money from individuals or groups of individuals. P2P lending platforms connect borrowers with lenders, allowing businesses to access funds without going through traditional financial institutions. P2P lending can be an attractive option for businesses that have difficulty securing traditional financing due to their size or credit history.

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