5 ways a loan can help your business

Over the last 14 years, we’ve helped over 150,000 businesses get finance for all sorts of business needs. Our simple process means it won’t eat up a lot of your time, and the fast decisions and no early settlement fees make it an attractive option compared to many other products on the market. Here we take a look at the top 5 ways a loan can help your business. 

Boost working capital

Extra working capital is always one of the most popular reasons to borrow. Some use it to fund growth, while others want a buffer to manage uncertainty. We also hear from many businesses who just want more flexibility in how they manage their business, and extra capital in the bank means they can spend more time on developing other areas of the business and not just focusing on the accounts.  

Consolidate debt into fixed repayments 

From credit cards and overdrafts to mortgages and asset finance, businesses often have various different credit products that they use for a variety of reasons, which can make it harder to manage cash flow. With a loan from Funding Circle, you can consolidate those debts into one simple monthly repayment, with the confidence of fixed rates and the flexibility of no early settlement fees. 

Buy stock, equipment and assets

Business loans can also help you make big purchases. Whether you’re looking to invest in your inventory or expand your product lines, upgrade your equipment or machinery, or buy vehicles or office equipment, our loans can help. You’ll get a quick decision with no need to evaluate assets, and you’ll own the asset outright from the start, giving you more flexibility should you want to sell/change it in the future. 

Upgrade your website or invest in marketing

In an increasingly online world, hiring a digital marketing expert can have a huge impact in attracting more customers, and having a professional-looking, well-optimised website is a key decision driver for many would-be customers. A loan can help you make this investment, giving you the funds to make upfront improvements and then repay over up to 6 years. 

Acquire or merge with another business

Mergers and acquisitions have long been an avenue of growth of businesses large and small. With inflation, supply chain and workforce issues creating many challenges over the last few years, a loan could help you take an opportunity to combine with a complementary business, or acquire others that are looking to sell.

21/08/24: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.