What is a business loan and what are they for?
If you’re a business owner, we don’t need to waste time explaining how essential having the right amount of funds at the right time can be to getting to your goals. It doesn’t matter whether you need to free up a bit of cash flow in the short-term, or you’re looking at a long-term gameplan for sustained growth. Picking the right business loan can make a huge difference to the kind of success available to you.
Unfortunately, cutting through the crap to find that ‘right kind of loan’ for your needs is easier said than done. It’s a heap of detail, plus a pile of jargon, and not the kind of thing you want to be in a hurry to suss out on your own. Here’s a quick guide (yes, we know we said don’t hurry with it, but the least we can do is share some basics).
Equipment and Vehicle Finance
A baker needs an oven and a soccer player needs a ball. Do you have the tools you need to do the job? If the answer’s no, then this could be your ticket. SFE loans can help you with finding a suitable loan option that will give you whatever vehicle you need to drive growth, whatever equipment you need to get into gear.
Commercial loans for facilities
If you’re after some financial security, a commercial loan for facilities could be a great option for you. By purchasing a site – maybe an office, factory, warehouse, or a shopfront, you’re investing in a tangible asset that means you can have peace-of-mind if things ever go wobbly. SFE loans have extensive experience in identifying loans to suit the business and the business owner from the floor-level up.
To loan, or not to loan?
Maybe you haven’t quite gotten to the loan-choosing stage. Maybe all you know is you want to grow your business and you haven’t quite figured out the best way to do that. If that’s the case, then the best thing might be to talk to an expert in business planning who can give you some structure and advice.
Our partner Helix Planning offers comprehensive business strategy consulting services. They support their clients with business strategy, accountability coaching and advisory services across every aspect of their organisation, from operations through to communications. Identifying gaps in existing business plans or factors that are compromising optimal outcomes is a key aspect of their offering. They can provide a considered strategy to achieve better results, and leave you to it, or help you to realise it.
If you’d like to know more about the different kinds of loans that could work for you, you can get in contact with us here.
To find out how Helix Planning may be able to give you some guidance on how to move forward with getting ahead, click here.