10 Ways to Use Small Business Loans

It takes money to power a business! Whether you're a newly-launched business or an established one looking to expand, it's important to understand how to utilize your loans.

While every loan term differs, there are alternate uses for every loan type. Depending on your specific loan, you can:

1. Purchase Inventory

2. Buy Equipment

3. Refinance or Pay Other Debts

4. Manage Day-to-Day Expenses with Working Capital

5. Cover Payroll

6. Expand your Products or Services

7. Invest in Marketing, Advertising, and PR Efforts

8. Hire More Staff

9. Invest in Real Estate

10. Expand Operations

Is your business looking to achieve any of the above goals? Browse our business loan options.