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5 ways a loan can help your business

Business Finance

5 ways a loan can help your business

Updated: 8 February 2023

Over the last 13 years, we’ve helped over 130,000 businesses get funds for all sorts of business needs. The simple process means it won’t eat up a lot of your time, and the fast decisions and fixed, affordable rates 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. This can make it harder to manage cash flow, and many will have experienced increased costs recently with rising interest rates. With a fixed rate 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. Now, with inflation, supply chain and workforce issues creating challenges, a loan could help you take an opportunity to combine with a complementary business, or acquire others that are looking to sell.

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