Debt financing may be the right route for many types of business. Whether it is most suited to you depends on the stage your business is currently at, as it may be a better option for more established businesses.
The size of your loan will depend on what your business can afford, as the amount borrowed must align with the business' budget and the agreed repayment period.
Several factors play a part in affecting how much interest you will pay with debt funding. This includes the amount borrowed, the length of the loan and whether the loan is secured. Talk to our experienced team to discuss your options in more detail.
Debt finance can be used for many purposes, including upgrading equipment or premises to facilitate growth, or for managing cash flow during quieter periods.