Easy Business Loan Uses
At Clarify, we keep things simple, so you don’t have to worry. We’ve helped various types of businesses secure SBA loans (such as a Microloan) from the U.S. Small Business Administration (SBA), business lines of credit, equipment financing, working capital loans, merchant cash advances, short-term loans, and other types of financing options.
While these types of loans aren’t what you would typically see from traditional lenders for things like real estate, they’re critical fast funding options for businesses to reach their greatest potential.
We outline common ways small business owners use easy business loans.
Employee payroll is one of the highest operational costs a business incurs. Ensure your staff is paid on time and in full with an easy business loan.
Financing can free up capital to use toward buying and purchase orders. Ditch the business credit card. A business line of credit can have a higher credit limit and a more favorable repayment schedule to purchase inventory. That way, you have the goods you need to make your business plan a reality.
Bridge Cash Flow
Sometimes, expenses can’t wait even though your business bank account might hurt. In these situations, lump sum funding can fill temporary cash flow gaps, allowing you to cover costs immediately.
The novel coronavirus has impacted small businesses across the country. If you’re experiencing financial strain due to the pandemic, a business loan can help.
Use equipment loans to upgrade existing equipment and purchase new machinery. Talk to us to discuss down payment considerations and credit score requirements. Whatever your needs, we’ve got you covered.