Start Up Loans

• Accelerate business growth
• Interest free periods
• Establish business credit

Summary – Start Up

Every business needs cash during startup. If you’re in the process of making your venture idea a reality, then you’ll need to solve the problem of funding. CredXpress will direct your business to the best lending options available, and ensure that businesses have sound understanding of how to utilize early stage loans to establish credit history. This is critical for establishing long term stability, and strengthens your position for subsequent loans. Below we’ve listed the top 5 reasons businesses seek startup financing.

Working Capital-

Sufficient working capital is a key aspect of any company’s financial health, and not having enough working capital can have a serious impact on the future of your business.

Equipment Purchase-

Growing your business and increasing sales often requires you to purchase assets such as new machinery or vehicles. While you may have enough cash to cover working capital expenses for your company, you may look for a loan to cover the purchase of new assets to enable your business to expand.

Start a business-

New businesses that are still in the startup stage will need funding to get off the ground. Most directors will use personal funds to start the business, however very few manage to entirely self-fund the company to profitability, and will therefore have to seek external funding.

Expansion-

If you’re looking to take your business to the next level, you may very well need funding that enables you to execute on your business plans. Whether you want to increase sales, expand your range of products or services, move into new premises, hire more staff, or expand internationally, a loan for growth finance can help.

Debt Restructuring-

If you need to restructure your company’s debt, a loan that consolidates your borrowings and reduces costs can make your finances more manageable for your business. A loan to restructure your existing debt can make financial planning easier by reducing the number of monthly repayments, and could potentially reduce your total monthly repayments.