
{"id":13470,"date":"2021-02-04T14:38:45","date_gmt":"2021-02-04T14:38:45","guid":{"rendered":"https:\/\/liquidcapitalcorp.com\/?p=13470"},"modified":"2022-02-15T14:01:40","modified_gmt":"2022-02-15T14:01:40","slug":"finance-your-business-for-growth","status":"publish","type":"post","link":"https:\/\/liquidcapitalcorp.com\/es\/blog\/finance-your-business-for-growth\/","title":{"rendered":"Business booming? Here are 4 ways to finance your business for growth"},"content":{"rendered":"<p><em>Do you have plans for expansion? Make sure you have funding lined up. But with so many options available, it can be difficult to pinpoint an option that makes sense for you. We share four ways to finance your business for growth.\u00a0<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13471\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-300x200.jpeg\" alt=\"finance your business\" width=\"720\" height=\"480\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-300x200.jpeg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-1030x687.jpeg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-768x512.jpeg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-1536x1024.jpeg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-1500x1000.jpeg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-705x470.jpeg 705w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">When you\u2019re planning for new hires, searching for a bigger office space, increasing your inventory or expanding your business in other ways, <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/alternative-finance\/cash-flow-stress\/\"><span style=\"font-weight: 400;\">cash flow<\/span><\/a><span style=\"font-weight: 400;\"> can be a significant\u00a0 concern. Fortunately, there are many\u00a0 financing options available for these types of situations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We\u2019ve talked about other <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/5-ways-to-finance-a-business\/\"><span style=\"font-weight: 400;\">ways to finance a business<\/span><\/a><span style=\"font-weight: 400;\">, but in this post we\u2019ll cover some more alternative funding methods:<\/span><\/p>\n<h2><strong>1. SBA loans<\/strong><\/h2>\n<p><a href=\"https:\/\/www.sba.gov\"><span style=\"font-weight: 400;\">SBA loans<\/span><\/a><span style=\"font-weight: 400;\"> are small business loans partially guaranteed by the U.S. government, making them less of a risk for the lender you\u2019re working with. Similarly, The Canada Small Business Financing Program offers loans to SMBs that are backed by the government.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These loans come in a variety of amounts with APRs as low as 6.5%. They\u2019re relatively harder to qualify for and you\u2019ll need to meet the following requirements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>At least two years of business experience.<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>A credit score of 640 or higher.\u00a0<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>At least $100,000 in annual revenue.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">However, government funding may slow the application process down so you should only apply for these loans if you can wait at least three weeks to receive the funding.<\/span><\/p>\n<h2><strong>2. Business lines of credit<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Sometimes, it\u2019s hard to know how much money your small business needs to cover expenses, which is why some companies opt for a business line of credit.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A business line of credit (LOC) is a revolving loan that gives SMBs access to a fixed amount of capital to meet short-term working capital requirements. Common examples of LOC uses include:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Repairing business-critical equipment<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Purchasing inventory<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Bridging a periodic cash flow gap\u00a0<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">That way, you can borrow what you need without spending the entire line of credit.<\/span><\/p>\n<h2><strong>3. Equipment finance and leasing\u00a0<\/strong><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-13474\" src=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-300x200.jpg\" alt=\"finance your business - warehouse\" width=\"500\" height=\"333\" srcset=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-300x200.jpg 300w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-1030x687.jpg 1030w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-768x512.jpg 768w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-1536x1024.jpg 1536w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-1500x1000.jpg 1500w, https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-2-705x470.jpg 705w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/p>\n<p><a href=\"https:\/\/liquidcapitalcorp.com\/funding-solutions\/equipment-finance-and-leasing\/\"><span style=\"font-weight: 400;\">Equipment finance and leasing<\/span><\/a><span style=\"font-weight: 400;\"> is a loan designed specifically for companies wanting to purchase new equipment but don\u2019t have the capital to make the investment. The lender lets you use the earnings generated from your new equipment to make monthly payments, cover additional overhead costs and contribute to your profits.<\/span><\/p>\n<h2><strong>4. Purchase financing<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If you have a good credit score, you can use <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/funding-solutions\/purchase-financing\/\"><span style=\"font-weight: 400;\">purchase financing<\/span><\/a><span style=\"font-weight: 400;\"> to fund a one-time business purchase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Purchase financing is a short-term funding solution that companies use when there\u2019s an opportunity for immediate growth. They may also apply for purchase financing if they need to take advantage of a bulk-sale offered by a supplier or purchase inventory at reduced rates.\u00a0<\/span><\/p>\n<h2><strong>Bottom line<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Small business expansion is exciting. Once you see<\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/when-is-a-good-time-to-expand-your-small-business\/\"><span style=\"font-weight: 400;\"> signs that indicate it\u2019s time to grow your business<\/span><\/a><span style=\"font-weight: 400;\">, it\u2019s important you prepare yourself for growing pains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the biggest challenges is how to facilitate growth and <\/span><a href=\"https:\/\/liquidcapitalcorp.com\/blog\/business-growth\/avoid-these-pitfalls-of-expanding-too-fast\/\"><span style=\"font-weight: 400;\">avoid unexpected problems<\/span><\/a><span style=\"font-weight: 400;\"> that emerge when your business is expanding too fast.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another setback is the lack of funding to back-up your expansion plans. That\u2019s why it&#8217;s crucial to explore different ways to finance your business \u2014 such as SBAs, LOCs, purchase financing or equipment financing \u2014 and select a funding option that will take your business to the next level.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><em>At Liquid Capital, we understand what it takes for small, medium, and emerging mid-market businesses to succeed \u2013 because we\u2019re business people ourselves. Our company is built on a network of locally owned and operated Principal Offices, so whenever you\u2019re talking to Liquid Capital, you\u2019re talking directly to your funding source and a fellow business person. <\/em><\/p>\n<h3><em><a href=\"https:\/\/liquidcapitalcorp.com\/funding-solutions\/\" target=\"_blank\" rel=\"noopener\">Click here to learn more<\/a> about our alternative funding solutions, such as <a href=\"https:\/\/liquidcapitalcorp.com\/funding-solutions\/invoice-factoring\/\" target=\"_blank\" rel=\"noopener\">invoice factoring<\/a>.<\/em><\/h3>\n<p><span style=\"color: #999999;\"><em>Images by <a style=\"color: #999999;\" href=\"https:\/\/stock.adobe.com\/images\/smiling-team-leader-with-employees-listening-to-businesswoman-at-corporate-meeting-sitting-in-modern-boardroom-happy-colleagues-partners-discussing-project-strategy-sharing-startup-ideas\/406510627?asset_id=406510276\">Adobe Stock<\/a> and <a style=\"color: #999999;\" href=\"https:\/\/www.pexels.com\/photo\/person-using-forklift-1267338\/\">Pexels<\/a><\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have plans for expansion? Make sure you have funding lined up. But with so many options available, it can be difficult to pinpoint an option that makes sense for you. We share four ways to finance your business for growth.\u00a0 &nbsp; When you\u2019re planning for new hires, searching for a bigger office space, [&hellip;]<\/p>\n","protected":false},"author":140,"featured_media":13471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,5],"tags":[234,228,232,233,225],"class_list":["post-13470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-business-growth","tag-business-line-of-credit","tag-equipment-financing-and-leasing","tag-finance-your-business","tag-purchase-financing","tag-sba-loans"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business booming? 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Here are 6 ways to finance your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liquidcapitalcorp.com\/blog\/finance-your-business-for-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Liquid Capital\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liquid.capital\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T14:38:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-15T14:01:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/liquidcapitalcorp.com\/wp-content\/uploads\/2021\/02\/finance-your-business-scaled.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rubain Manzoor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Liquid_Capital\" \/>\n<meta name=\"twitter:site\" content=\"@Liquid_Capital\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rubain Manzoor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/blog\\\/finance-your-business-for-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/blog\\\/finance-your-business-for-growth\\\/\"},\"author\":{\"name\":\"Rubain Manzoor\",\"@id\":\"https:\\\/\\\/liquidcapitalcorp.com\\\/#\\\/schema\\\/person\\\/b7aaffc7e5dd30c8b4acaf36dc9b5cfc\"},\"headline\":\"Business booming? 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