In many facets of life, there is a stigma around debt; people are told to avoid credit cards, pay for their homes in cash, and more. This stigma has permeated the business world as well, but the reality is that small business loans can be incredibly beneficial to the health of your business. Sure, there are things to watch out for and loans can become a burden if not handled properly, but not understanding the power of small business loans could hold your business back.
How Small Business Loans Can Help Your Business
Having a successful business doesn’t mean that every week is going to be smooth or that there won’t be bumps along the way. A small business loan can inject your business with cash flow at times you need it most. Here are a few scenarios where many successful business owners choose to take out a loan:
- Strategic Growth Opportunities
Starting your business took a financial investment of some sort and growing it might require the same. If you see a strategic opportunity that will pay off in the long run but that you don’t have the capital for right now, a small business loan can ensure you don’t miss out on the opportunity. With United Business Funding’s flexible payback schedules, we can work with you to set up a repayment plan that fits your business model.
- Increasing Cash Flow to Get Through a Tough Time
Let go of the notion that needing extra funding means you’re failing. There will always be highs and lows throughout the lifetime of your business, so if you hit a rough quarter or a rough year, don’t be afraid to seek a small business loan to help ride the wave until things get back on track.
- Hiring and Restructuring Initiatives
With business growth and change, you may need to hire more team members or invest in additional leaders or managers. Sometimes, the best thing you can do for the success of your business is to take the time (and money!) to ensure you have the right people in the right roles. Expanding your team can be a costly venture, but it doesn’t have to break the bank if you utilize a loan option.
There are many scenarios where loans can take your business from “surviving” to “thriving,” but it’s critical that you work with a trusted loan partner that can help you get the money you need without overextending you. Let United Business Funding be that partner.
You Can Trust UBF
There are predatory lenders out there that give reputable lenders a bad name, but United Business Funding is committed to helping small businesses navigate the world of business loans in a responsible manner. We have some basic requirements for our clients, helping protect us as well as them, such as a minimum operating time of 3 months and deposits of $10,000 per month for the past three months. Our team can outline all the specifics for you, but we are not in the business of making reckless decisions or pushing our clients to make reckless decisions.
Logistics of Small Business Loans
Though interest rates can be higher when partnering with independent lenders like UBF, we can often get you the cash more quickly and provide flexible repayment plans, making us a great option for small businesses. We work with clients in many industries including Construction, Retail, Beauty, Medical, Trucking, Auto Repair, and more, so our expertise is vast.
Take the Leap, Take the Loan
Maybe the status quo is working for you now, but if you’re ready to invest in your business, up-level your strategic growth initiatives, or need to prepare for a tough time, small business loans might be the answer. Get in touch with our team of lenders today and we will discuss your options with you!