Business loans are frequently viewed by many business owners as the only way to raise cash. But there are many other ways (perhaps more economic) which will allow you to raise capital for certain purposes. Business frequently require increased capital for the following reasons:

Low Cash Flow
You may not have enough cash to take advantage of opportunities, as your clients have not paid outstanding invoices. If you could receive up to 90% of your written invoices as soon as they are written would you? If the answer is yes then you need invoice factoring or invoice discounting. If your turnover is under £750,000 then factoring is probably best and you should click here to find out more. If you turnover is over £750,000 then invoice discounting may be better and you should click here to find out more.

Purchase Equipment or Asset
Taking out a loan to buy an asset can be a lot more costly than a leasing deal. Leasing agreements can be structured in many different ways to suit your needs and the type of asset you are purchasing. If it's an asset you are looking to buy then click here to find out more about leasing and getting a leasing quote.

Purchase Property
Are you looking to buy property to rent out or to use as your own premises? Buying commercial property is best done with a commercial mortgage, which can be very cost effective. If you are going to buy a property remember that most lenders will be looking for a deposit of around 30% (some may give a 100% loan depending on your profession). Click here to find out more and get commercial mortgage quotes.

Pay Staff
Paying staff regularly (usually monthly) can be a strain if you don't receive money from work until the next quarter. Typical industries who face this problem are recruitment agencies who pay staff weekly but get paid for projects every two months. In this case, factoring can be a great solution. Click here for a factoring quote.

Do you do your own entire payroll? Could you be saving money by outsourcing this cost intensive process? Click here for a payroll quote.

Expand (new markets; new products)
Growing your business can be a costly affair - using trade finance and invoice discounting can help you by giving you advances on your pre-agreed sales. Click here for invoice discounting quotes.

Still interested in a business loan? To get a business loan quote click here.

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