You know that saying “you need to spend money to make money”? As a business owner, you probably understand how true it is!
But what happens when you don’t have the money you need to get your business to the next step? Maybe you’re looking to upgrade your equipment, spend money developing a product, or simply need cash to pay your employees this month. This is where business finance helps to relieve the financial pressure, so your business can have room to move in whichever direction you desire!
You’re spoiled for choice when it comes to business finance options, but it can be overwhelming trying to sift through the different types of finance to find the right one for your business needs.
We take you through the common types of business finance available on the market, so you’re in the best position to decide on which way to go.
In this guide, we’ll outline:
Is business finance even necessary?
Options you might know about:
Line of credit, loans, overdrafts, credit cards.
Options you might not know about:
Merchant cash advance, invoice financing, revenue-based financing, crowdfunding, business grants, even buy now pay later for business.
