How the right commercial loan can help your business make money
Every savvy business owner knows you’ve got to spend money to make money.
30 June 2021
Every savvy business owner knows you’ve got to spend money to make money.
But while identifying opportunities to take your business to the next level is often the easy part … finding the money to improve your operations can be more challenging.
After all, you can’t grow unless you invest. But to invest, you need money on hand to make it happen. It can feel like you’re caught in a catch-22.
That’s where business finance comes in.
The right commercial loan can help your business make money by giving you the funds to:
- Invest in new equipment to help you become more efficient, take on bigger projects or provide new products and services to your customers
- Expand into larger premises or open more locations to increase your customer base
- Buy extra stock or new inventory to keep up with demand without hurting your cashflow
- Improve your cashflow so you’ve got money on hand to pay your bills or pursue opportunities when they come knocking
- Hire, develop or keep the right team with the knowledge and skills you need to set your business up for success
What’s the right commercial loan for your business?
Business loans come in many shapes and sizes including:
- Secured business loans
- Unsecured business loans
- Asset finance and equipment loans
- Business vehicle finance, including chattel mortgages and leasing options
- Invoice financing
- Business line of credit loans
Each loan type comes with its own pros and cons, so it can be difficult to figure out which is the right one for your unique needs and business goals.
To further complicate matters, you don’t just need to compare product type but also:
- Interest rate and fees (upfront and ongoing)
- Eligibility criteria
- Repayment terms
Vie Financial can help. As expert business credit advisers, we can guide you to the right commercial loan that works with, not against, your business’ needs and goals.
We’ll then assist you through the application process, structuring your application to give you the best chance of success.
Looking for a commercial loan to take your business to the next level? Get the expert advice you need by working with Vie Financial. Contact us on 1300 400 843 or fill in this enquiry form.