Why speculate when you can accumulate?
No one knows the ins and outs of a business like its owner/s. The journey from being the tiniest seed of an idea, to becoming an established entity, is a path that many entrepreneurs take on their own. Quite often with very little support at the start of their journey.
From raising funds to get started, dealing with customers and suppliers to employing staff, managing finances and creating systems and processes that enable them to run a successful enterprise. They are usually the ones who fully appreciate the hard work it has taken get things off the ground.
From experience we know that many business owners become experts in what they do, keeping abreast of the latest developments in their industry. Making plans for growth and setting goals for the future, are all part of a day’s work. They know exactly what they want for the future, and have a fair idea of the steps they need to take to get there.
They will also be the first to realise when a fresh pair of eyes and ears are required to help identify new opportunities, make improvements and increase productivity and in turn profits.
Yet quite often, many small businesses fail to reach their full potential because of a number of barriers to growth including: the need to update equipment, increasing headcount, lack of space and capacity or access to finance to name a few.
While the iron is hot…
However, if you know what you need to do to succeed, why aren’t you doing it? What’s holding you back? If it’s up to date equipment, new equipment can be purchased or even leased, if it’s staff shortages, more staff can be hired, if its lack of space, you can move to a new location, and if it’s a lack of finance, the funds you need can be acquired.
For almost every problem, there is a solution, you just need to know where to find it. If in doubt, get expert help and advice. Nowadays with so many small businesses needing access to finance, there are a growing number of alternative finance providers who can help. For major plans, term loans or equity investment may be the answer it you are willing to sacrifice a stake in your business. In terms of short-term finance factoring, invoice discounting, bridging loans, and revolving credit facilities are all potential options.
With so much to choose from, you may need help in deciding what type of finance best accommodates your business requirements. It’s a good idea to talk to a finance broker, who will be able to identify the most suitable lenders.
Newable Cashflow Business Loans
Here at Newable we are well aware of the difficulties small business experience when it comes to cash flow. That’s why in response to the growing need for flexible finance solutions for business we’ve launched Newable Cashflow Business Loans.
Newable Cashflow Business Loans are available to eligible limited companies that have been trading for 12 months or more:
- Flexible facilities of up to £25,000.
- Competitive interest rates.
- Cash can be requested anytime in full or in parts.
- Quick decisions.
- No arrangement fees.
- Can be repaid over 90 or 180 days.
- Repayments made daily via fixed direct debits.