Expansion Loans
Financial growth and business expansion go hand in hand. In order for a business to grow it requires capital, which is not always available. The saying never gets old that if you’re growing then you’re dying, and being able to have additional capital at the right time can make or break your business.
What It Can Be Used For
Capital For Growth
An unsecured loan can go a long way to move your business forward. Immediate access to capital allows businesses to take action quickly and grow in a timely manner. Alternative lending services and unsecured loans can be an effective means of financing due to the speed of approval and the minimal requirements. A growth in revenue can sometimes be more than enough to compensate for the loan payment and can put you far ahead both in revenue and business development.
Small Business Capital
Even most established businesses fail to meet its full potential if it's not expanding and growing. These loan type products are quickly becoming the go to source for small business expansion. Maintaining refined sales record and a profitable business is a great sign of future revenue growth. Those are the factors that make small businesses prime candidates for alternative business loans. Waiting can lead to missed opportunities. Expanding your financial opportunities can boost a small business into a great company.
Start Up Financing
Traditional lending are usually the first thing that comes to mind, Only not every startup meets the requirements or personal collateral required. So if you were to default on a secured loan it can not only stop the business in its tracks, but can also financially ruin the people who've risked their property to grow their business. If a startup is planning to expand, their growth in sales will reflect this. SourcifyLending requires a minimum of 1 year in business in order to qualify for our funding options