Small Business Loans from $10,000 to $250,000

Expanding Your Business

Chris owns a local Chinese restaurant in a suburban town that has been booming for well over a year now. Bookings for lunch time and dinner are generally encouraged as walk-ins may not be guaranteed a table or may need to wait some time before customers are able to be seated. Chris is having no troubles employing new staff; however, the space capacity of his restaurant is not enough to meet the new demand in customers.

The store next-door to Chris’ restaurant, a boutique women’s fashion store, has just shut its doors and the space is now available for lease. Chris thinks this would be a great opportunity for him to expand his restaurant business and pull in more customers. A small business loan could help him with his leasing costs, new equipment, and staff payments.

Seasonal Changes and Unforeseen Circumstances

Seasonal businesses often find it difficult to generate stable revenue across the year. Seasonal small businesses such as swimwear companies, vacation resorts and snow gear companies will find that small business loans can significantly help during the off-season periods. A seasonal business loan, such as a short-term loan, can help these business owners manage cash flow through their low sales months.

At other times, unforeseen circumstances may arise that can be detrimental to small businesses. Josh runs a busy café in the business district in Melbourne CBD. Business was going well until recently when COVID-19 forced communities into lockdown and businesses to temporarily shut its doors. Josh’s café has been temporarily closed for the past 4 months and as a result, his cash flow is running dry. Josh has enough money to stay closed for a few more months but may need assistance with his funding when he opens his doors again to pay staff and purchase supplies. He can take out a small business loan to help him get back on track once his business reopens.

Upgrading Equipment and Business Technology

With new business technology being introduced each year, it can be hard for businesses to stay modern and keep up to date with the latest gadgets. Mary owns a beauty salon in the CBD that has been established for 4 years. When Mary first opened, her business model was unique and thus had an abundance of customers. Since then, similar beauty salons and studios have opened in the vicinity and although Mary has had enough loyal customers to keep her in business, she’s not generating a high enough profit to keep her in business over the next few years.
There have been several beauty technology developments in the recent years that have made competitors a better alternative for customers. Mary has realised that she needs to upgrade her salon equipment, including her massage beds and salon chairs, to draw in more customers and improve the customer experience for her customers. To do this, Mary can take out an equipment financing loan.