1. You’re ready to expand your physical location.

2. You’re building credit for the future.
Young businesses can often have a hard time qualifying for larger loans if both the business and the owners don’t have a strong credit history. Taking out a smaller loan and making regular on-time payments builds your business’s credit for the future.

3. You need equipment for your business.
Purchasing equipment that can improve your business offering is typically a no brainer for financing. You need certain machinery, IT equipment or other tools to make your product or perform your service, and you need a loan to finance that equipment.

4. You want to purchase more inventory.
Inventory is one of the biggest expenses for any business. Similar to equipment purchases, you need to keep up with the demand by replenishing your inventory with plentiful and high-quality options.

Funding America

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