What can you do with a £10k business loan?
Business loans don’t always have to be six or seven figures to
make an impact. A small loan invested wisely can provide a
significant boost to your company.
We often deal with companies seeking loans up to £10k, and we’ve
recently introduced a new streamlined fast-track scheme to help
businesses get a speedy decision on their applications.
£10k can go a long way for a small business, how could you invest
that money to get the best value for your company? Here are a few
1. Buy new equipment
Investment in equipment or machinery can boost production and
reduce costs. It can also create opportunities to offer new
services to your customers. This can attract new business as well
as increase your competitive edge.
2. Open up a new shop or office
Found the perfect premises for your growing business but need
money for the first few months’ rent? A £10k business loan could
really help. You could also use a £10k loan to help refurbish an
existing shop or office.
3. Invest in marketing
Marketing is really important for raising awareness of your
brand and what you offer. £10k could help build a new website, pay
for advertising or a direct marketing campaign.
4. Pay for staff training
If your business is expanding you’ll want to invest in yourself
and your staff. Why not use a £10k loan to boost yours and your
staff’s knowledge? Appropriate training can help with business
efficiency and creativity.
5. Buy new stock
Any good retailer will have a nose for their key products. By
investing in extra stock at the right time you can give your
turnover a timely boost unlocking more cash for future
If you know the ebbs and flow of your business then you can
prepare ahead. By using a loan you can make sure your business is
ready to exploit its busiest times of year.
There are many ways your business could benefit from a £10k loan.
With the right investment you can turn a small loan into a big
profit and put your business on the front foot for 2017.
Finance Wales can offer start-ups and established businesses
a range of commercial funding options from £1000 up to £3 million.
Click here for more information on our flexible