Debt financing is a popular way for small businesses to get a cash injection as you can borrow money from a wide variety of sources to help start a business idea or grow your company.
The main method of raising funding through debt financing is with a loan. However, getting a business loan will depend entirely on its purpose and your financial position. There are a range of different loans available. Lenders will look at who is applying, and at the business itself.
As an example, loans available include; unsecured business loans, secured business loans, government business loans, investor loans, and of course, there are short-term and long-term options as well as fixed and variable deals.
Searching through all the loans available and the application process can be time consuming and because it is such an important decision you are definitely advised to speak with an expert in this field.
Another method of raising funds through debt financing is with credit.
At Business Butler, our Funding Experts can provide you with impartial advice on this matter. They will be able to explain the different types of loans and credit available for your business and the pros and cons of each one.
To speak with one of our Funding Experts, you can either use our matching engine or complete the quick contact form and one of our experts will call you back.
Please note that the initial consultation is free and without obligation.