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Tag Archives: business loans

How To Fund The Growth Of Your Small Business

small business loans

With the growth of your small business, your funding needs don’t diminish. Instead, you’ll need some form of financing to expand into additional markets, bring in new recruits or contract employees, purchase new IT equipment, add to your facilities, or introduce new variations of your products and services. Finding funds for supplementing your growth should be easier than financing the start-up phase of your company as your business can demonstrate its history of operations. However, the obvious funding sources, such as angel investors and conventional banks, still need to be convinced about the growth potential before they agree to investment, so a small business owner should get creative and look for alternative sources of finance and other capital funding services in case the usual ones can’t be accessed. Here are some alternative sources of funding that can augment your company’s drive towards growth: Export loan program Small business owners barely pay attention to loan programs pertaining to exports. The Small Business Administration has $500,000 in financing available in the form of revolving line of credit as well as a term loan. The requirements are that the business must have been in operation for at least twelve months and must demonstrate ...

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Ways to Finance a Business

  The way that you go about financing your business may vary depending upon a number of factors: The stage of evolution your business is at;  Your past trading history; The purpose you need the funding for;  How much you are planning to borrow and how that is measured against your overall financial worth and that of your business; etc. Let’s have a look at each of those in due course. The stage your business is at Companies that are still in the early stages of setup or with a very limited trading history may have special challenges in terms of finding business launch funds. Typically lenders may wish to see that you are investing a relatively meaningful amount of your own finances into your enterprise (e.g. through re-mortgaging) thereby effectively sharing the risk with them. Lenders in this category are often the new business section of the banks, some finance houses, business angels and very possibly some of the specialist venture capitalist companies. It is also not unusual to see new businesses drawing upon family finances from relatives, where such a thing exists. Your past trading history Businesses that have two or more years of trading and accounts behind ...

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