Tuesday, May 27, 2008

Small Business Loan for Expansion and Upgrading Equipment

So after all our hard work in setting up our business online or in real life, we have reached a plateau and stagnated somewhat. Although this may be a comfortable phase in your business but you feel that you could have done better. What is the next step then? You whipped out your profit and loss statements and calculated the cost plus the pros and cons and have decided to expand your business. Where can you find extra funds or a Loan to finance the larger store or factory for your equipments and what about purchasing newer machines to ease the manufacturing or speed up the production?

Although you can get grants and fundings through banking institutes and government subsidies but as any experienced business owners have gone through, this takes up time and a lot of red tape in filling and submitting forms and documents. An easier solution would be to apply for a Small Business Loan which can be done online or over the phone. The amount of unsecured loan granted can range from $10,000 up to $100,000. The pre-qualification is so minimal such as without collateral or equity needed, no documentation required in most cases, no hidden fees or charges, business license not required and many more that you can just view this as an extension of your Personal Loans.

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