24 Jan, 2008
When is the Right time to Get Small Business Loans?
Posted by: Singapore Entrepreneur In: Strategies & Tips
Getting Small Business Loans when your cash flow is healthy may seem like a step in the wrong direction. After all, why would you want to be saddled with loans and interest payments when you can afford to pay in cash?
ORGANIC GROWTH
Well, if sales trends are up, in order to match the growth, you probably need to increase inventory and get more people. This can be a heavy strain on your cash flow, especially if a hiccup should happen along the way. Small Business Loans are there not just as a safety measure, but to give you the ability to move your company to the next level.
GROWTH BY ACQUISITION
Secondly, few people who own small companies think about it, but the fact is you want to get Small Business Loans for growth by acquisition. If you’re doing well and your competitors are not, you are in a position of strength to negotiate and grow by acquisition. The beauty of this strategy, of course, is not only do you get something that is already up and running and just needs a little tweaking, you have also conveniently gotten rid of a competitor. So if you have found a business in your industry that is closing down and you know you can turn it around- Get a Loan. Don’t waste your cash on it. You’ll need it.
So if you’re ready, you can try Accommodative Financial Solutions (afsloansonline.com). There are no application fees, hidden charges, and the processing of a loan only takes 24-48 hours. Best of all, they require no collateral for loans up to US$150,000.

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