Probably the single most common method for funding business growth is by obtaining a small business loan, business expansion loan or line of credit. However, there are a number of different options that come with small business loans, and in order to choose the right one, you need to understand which loans work best with what type of enterprise. You should take into consideration the type of operation, size of the business in terms of staff and assets, and overall monthly or yearly return. Exploring options for loans can even clue you in to business loans that are specifically designed for your type of enterprise. Small business loans can be either long-term or short-term, and each have their particular uses. Small business loans are usually very reliable, making them a great option for business financing available to small business owners.
Today, there are a number of alternative funding outlets available to small business owners interested in funding growth and expansion of their businesses. Key among these are merchant cash advances, small business line of credit, small business short term loans and business expansion loans, which are all suitable for most small businesses that needs to get cash quickly. They are less demanding, and in a pinch a business owner can leverage his assets for access to a small financial boost.
Financing growth for small business owners, especially in a stagnating economy can be very hard. Business growth is determined partially by the amount of available capital. In order to ensure that your growth continues over time, you will need to ensure that you have ready access to capital.
Small Business Tip For Growth: Write down the top five things that you do well that differentiate you from your competition. Now, how much of your time and money is spent investing in those five areas? Move your time and money away from the things that aren’t on the list and pour it into the things that are on your list. Your business will improve, things will get simpler, and you’ll conserve a lot of time and money that you’re wasting on stuff that isn’t working.
Here are a few options to fuel small business growth:
- Small Business Expansion Loan - Designed for prime businesses with better risk profiles, our business expansion loan is an extended-term loan with rates ranging from 9.99% - 36%, terms of 18 to 24 months, multiple payment options, and loan sizes up to $500,000. It’s large-scale growth capital if you're looking to invest in bigger projects, with the same speed and simplicity LVRG is known for. GET STARTED
- Small Business Line of Credit - A small business line of credit provides flexibility that a regular business loan doesn’t. With a small business line of credit, you can borrow up to $100,000 and pay interest only on the money borrowed. You then draw and repay funds as you wish, as long as you don’t exceed your credit limit. Need to manage cash flow? Buy inventory? Pay for a surprise expense? Then a business line of credit makes sense. LEARN MORE
- Small Business Loan - Get up to $2 Million to grow your business in as little as 24 hours. From purchasing inventory and equipment to remodeling and advertising, small businesses need capital for many reasons. Our small business loans may be used for any business expense, even if you just need an influx of capital to boost your cash flow. We offer both fixed and flexible repayment options, customizing your funding to meet your business's cash flow model. GET STARTED
- Small Business Term Loan - Small business term loans can get you the money you need to bridge cash flow gaps, handle emergencies and unexpected expenses or take advantage of a business opportunity. Funding amounts from $15,000 to $250,000 and terms of 3-24 months, a term loan from LVRG is small business capital for big business growth. LEARN MORE