Financing: Expand Your Business With New Capital
Grow Your Business With the Right Financing
As your business grows, your need for funding doesn’t diminish. Chances are, you’ll need some form of capital to introduce new products or services, expand into new markets, hire or contract additional help, expand your facilities, or purchase new equipment and machinery.
Finding growth financing for your business should be easier than start-up financing because your business has a demonstrable history of success. Where you’ll find the financing you need will depend on:
- Your business objectives
- The health of your business
- Business ownership structure
- Your ability to plan
- Your ability to convince lenders to believe in you and your vision for your business
Featured Product
Analyzing the Financial Health of Your Business Seminar
Use financial analysis to determine the nature of your earnings and cost behaviour, and to diagnose the financial health of your business. Attend this seminar to learn how to identify relevant costs and revenues for business decisions such as adding or dropping product lines, outsourcing, or organizational restructuring.
Register today! Contact a client services coordinator at (604) 775-5541 or 1-800-667-2272.
See All ProductsSmall Business BC offers a multitude of services to assist you with growing and managing your business.
- You can register for our financing seminars to learn how to finance your business for growth.
- You can schedule a meeting with one of our business advisors to discuss your situation in detail and find solutions that work for you.
Cut Your Expenses and Retain More Earnings
Take stock of your company’s financial health. Take an honest look at your financials and your budget, and figure out what your business needs to do to increase sales and manage costs to be healthy for the next month, three months, and six months. Try to identify ways to improve your cash flow and, if you’re thinking of making any cuts, determine whether the short-term savings are at the expense of long-term profits.
Get cash-flow positive. Consider incentives for customers who pay quickly or for salespeople who sell to the most customers who pay upfront.
Cut unnecessary spending. Review every business expense and determine if you really need it. For example, do you need all the phone lines you have? Can you consolidate your cell phone packages with business lines and Internet for a discount? If you’ve been with your telecom company a few years, ask for better rates or free call features.
- Finance & Grow Your New Business – Get a Grip on the Money
- Financial Management – Get a Grip on Your Business Numbers (2nd Edition)
- Financial Management Guide
- One Hen - How One Small Loan Made a Big Difference
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