Common Uses for Small Business Funding

Jan 11, 2020

Common Uses for Small Business Funding

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So it’s time to start investing in the growth of your business, but you’re unsure exactly how to start using that fancy new loan. To be frank, the possibilities are limitless, and they’re not all created equal. Where you choose to invest your money should be a function of a few key factors.

These factors include:

  • Your industry
  • The current state of your business
  • An understanding of urgent vs. important needs
  • The type of financing you have or are seeking 

Over the course of this guide, we’ll discuss each of these factors in detail, paying special attention to how different kinds of financing can have different applications in your investment practices. 

But first, It’s important to look at the financing landscape for small businesses, which goes hand-in-hand with understanding the current state of your business in the market.

About the Author

Andrew Mosteller

Andrew Mosteller

Andrew Mosteller is a freelance writer and regular contributor to Lendio News. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Andrew's father, an equity fund manager, taught him the ins and outs of investment financing. Now, Andrew spends his time writing copy for business owners, helping them expand and advertise their unique brands. He's also studying Strategic Communications at the University of Utah. When Andrew's fingers aren't glued to the keyboard, he spends his time reading, podcasting, composing music, and bombing down the ski slopes.

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