There are many reasons you may be looking to take out a business loan to support your company, from increasing your staff to investing in new equipment. But how could you get a business loan up to £250,000?
There are a number of reasons why you may be on the lookout for business finance to support your SME. Below are three of the most common reasons existing businesses seek finance.
If your business is profitable with a regular cash flow and you are simply looking to expand or grow it, getting a loan may be a great idea to support your business’ needs.
When a business is looking to expand, it can be an indication that it is doing well and could benefit from a larger business loan. To find out if you’re ready to grow your business and how to do it effectively, head over to our blog.
A business can improve its cash flow by making sure its assets are converted to cash. If a business can manage its assets and liabilities efficiently, its level of cash and liquidity may improve Read our handy blog post to find out how to work out your working capital.
A business loan can help you manage the cost of equipment that could allow you to provide a better experience for your customers and help you save money in the long run. There are many ways a business can improve the work it does, this can involve upgrading or buying new tools or equipment. Many businesses depend on investing in new equipment to grow or evolve the company and better the quality of its services.
A business loan differs from a personal loan as it is a type of borrowing only designed for commercial businesses, not an individual. Therefore a business loan should only be spent on your business, rather than any personal expenses.
When borrowing large amounts of money, it is important to deal with a lender you trust. Here at Esme Loans, we offer online business loans that are designed for busy SMEs looking for quick business finance with competitive rates. Our business loans range from £10,000* to £250,000 and can be repaid over 1 to 5 years, allowing you to choose a loan repayment plan that works for you and your business’ cash flow.
Before you apply for a loan with Esme, it’s important to make sure you meet the eligibility requirements below to increase your chances of approval: