Financing an expansion
Grow your business on your terms
Growing your business — whether through new products, a new location, or additional staff — can put strain on your cash flow. As the saying goes, you need to spend money to make money. And a strategic boost of capital through financing gives you the flexibility to invest upfront and grow revenue long-term.
Common expenses when expanding a business
Expansion can encompass a variety of initiatives like launching new products or opening a second location. Here are some of the most common costs associated with growing a business:
Staffing and Human Resources
- Hiring new staff
- HR onboarding tools and training
Real Estate and Facilities
- A lease or mortgage on a second location
- Renovation and build-out
Equipment and Inventory
- New tools, equipment, or software
- Extra inventory or new products
Marketing and Customer Acquisition
- Market research
- Advertising campaigns
Need extra capital to fund your expansion?
How expanding your business can set you up for success
Let’s say you run a plumbing business.
You’re taking on more customers than ever before, but your small team is struggling to keep up with demand. You want to serve more customers, but to do that you’d need to hire two more plumbers and get an additional truck.
You don’t have the cash on hand to make these investments, but you know once you do have a larger team, you’d have the capacity to take on more work — and increase your revenue.
Here’s how well-timed business financing helps you accelerate your growth.
With smart financing, your business can grow faster and stay cash-flow positive without slowing down operations.
Best financing options for business expansion
Whatever your growth goals, SmallBusinessLoans can quickly connect you with an option that sets up your business for success. Here are some of the most common financial solutions for different types of business expansion, which you’ll be able to access through our trusted partners.
Bridge financing
Bridge financing makes getting cash quick and easy. With funds in just 24 hours,3 you can secure time-sensitive projects or cover the down payment on a second location.
Equipment financing
If a new piece of equipment is stopping you from expanding on your timeline, use equipment financing to your advantage and purchase new or pre-owned tools to fuel your growth.
SBA 7(a) loans
With higher funding amounts and lower rates, SBA 7(a) loans give you the flexibility to plan for long-term, sustainable growth.
Is your business ready to expand but you don’t have time for research? We’re here to help. SmallBusinessLoans does all the heavy lifting for you — we’ve sourced the top financial providers in the country. All you have to do is fill out our quick online form so we can match you with the best options for your needs.
