3. Meeting project start-up costs
Starting up a new project sometimes requires more capital than what is available from cash flow.
4. Emergency repairs
Paying for repairs on equipment that is critical to the operation of your business can be a good reason for a short-term small business loan.
5. Marketing expenses
Getting your name out there and attracting new business can be a good use of a business loan.
6. Investing in new talent
This can be a great move, if there’s a clear connection between the hiring decision and an increase in revenue.
Bizpal can help with a range of finance products!
Call us on 1800 011 981 to discuss your finance options with an experienced broker.