Business Expansion Loans
Learn about your funding options for business expansion.
$20,000 – $350,000
1 – 4 Years
Up to $200,000
Daily, Weekly or Semi-Monthly Payments
$5,000 – $150,000
1 – 3 Years
85% – 95% of Invoice Value
Up to $150,000
Actual offers vary based on your application information and lender.
What Is a Business Expansion Loan?
A business expansion loan is any borrowed funding that is used to help a business grow. This growth or expansion might take several forms:
Opening a new location.
Launching a new product.
Hiring more staff.
How Do I Finance a Business Expansion?
If your company is in good enough shape that expansion seems like your next step, you probably have quite a few potential options at your disposal:
These can come from sources including banks, credit unions and online lenders. The interest rate, loan amount and repayment period you qualify for will depend on the particulars of you business. Learn how to get a business loan in 5 steps.
If you feel that your company has high potential growth and are confident that you can demonstrate this, finding investors can give you significant funding and the experience of individuals who know about your market and have a stake in seeing you succeed. Downsides include giving up equity and control in your own company.
If you already have a dedicated customer base, appealing directly to them can be a great way to raise funds for expansion. For instance, crowdfunding a new product and marketing it to current users will ensure that the demand is there before you fully commit to your new venture. A successful campaign can also attract media attention, potentially expanding your customer base even further.
What Does The Business Backer Offer?
The Business Backer offers small businesses a range of funding options, including in-house products and third-party offerings through our True Relationship Network™. After applying, eligible businesses are matched with a dedicated Funding Advisor who works to help find the perfect funding solution for each business’ specific needs.