Best SBA loan uses
While the SBA does have a few restrictions on the use of funds, there’s still a lot of flexibility. Here’s how you can run and grow your business with an SBA loan.
Increase working capital
If you want to build a reserve of working capital deep enough to cover day-to-day costs, foreseen or not, consider an SBA loan.
If you’re currently paying off a number of high-interest loans, replacing this expensive debt with a low-interest, long-term SBA loan can make a big difference for your bottom line.
Expand your business
Whether you’re introducing a new product or opening another location, you’ll need capital to execute on your vision. The best SBA loans can provide the cash you need without burdening your business with high-cost debt.