A growing business is a sign of a healthy business, it’s what most companies strive for. However, there are of course extra costs associated with development and with that comes risk. In order to bid for larger contracts than you may be used to, or indeed to enter completely new markets, it is essential to prove to potential customers that you have not only the ability to fulfil your promises but also the capacity. . From an increase in the number of staff you have available or the essential IT equipment they would need, it all requires an injection of cash and this is where some organisations struggle.
Why not consider an unsecured business loan? It’s an affordable and flexible way of raising the required funds without impacting on your working capital. No collateral is usually needed for an application and the funds can be released quickly, enabling you to bid for your dream contract and continue to nurture and develop your business.