{"id":2501,"date":"2018-06-13T14:45:03","date_gmt":"2018-06-13T11:45:03","guid":{"rendered":"https:\/\/www.lending-express.com\/blog\/?p=2501"},"modified":"2020-07-22T14:29:23","modified_gmt":"2020-07-22T11:29:23","slug":"reasons-to-get-a-business-loan","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/","title":{"rendered":"8 Reasons to Get a Business  Loan"},"content":{"rendered":"\n\n<p><span style=\"font-weight: 400;\">As a small business owner, even a whisper that you\u2019re considering taking out an L O A N can spur opinions of sudden know-it-alls. There\u2019s the general naysayers, those who heed caution, success stories and those that say it\u2019s a \u2018must\u2019 for growth. Everyone will have something to say, but the truth is, without the necessary funding, your business will stay at a stand-still, or worse, collapse. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">There are many reasons to get a business loan but of course, not any old reason is an excuse to potentially get into business debt, but that doesn\u2019t mean that there aren\u2019t intelligent reasons either. If your business is ready to take the next step the age-old adage \u2018<\/span><i><span style=\"font-weight: 400;\">you have to spend money to make money<\/span><\/i><span style=\"font-weight: 400;\">\u2019 rings very true. If you want to successfully grow your business, you\u2019re going to have to step out of your comfort zone &#8211; slightly.<\/span><\/p>\n\n<h2>Here are 8 reasons to get a business loan<\/h2>\n\n<h3><span style=\"font-weight: 400;\">1. To expand your business<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019ve grown out of your old shoes, it\u2019s common sense to go up a size and the same is true in a business sense. If you have too many employees squeezed into one room, or perhaps your restaurant has become over-crowded, these are classic signs that it\u2019s time to expand.<\/span><\/p>\n\n<p><b>Best business loan for expanding: <\/b><span style=\"font-weight: 400;\">SBA loans, unsecured business loans<\/span><\/p>\n\n<blockquote>\n<p><span style=\"font-weight: 400;\"><strong>Caution:<\/strong> a new product launch or entering into a new market needs to be carefully researched and executed. You\u2019ll need to have the right equipment and team to go forth, and a <\/span><span style=\"font-weight: 400;\">business loan<\/span><span style=\"font-weight: 400;\"> with a flexible tenor is a good way to go about it.<\/span><\/p>\n<\/blockquote>\n\n\n<p><img decoding=\"async\" class=\"size-large wp-image-2503 aligncenter\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/iStock-840519184-1024x682.jpg\" alt=\"\" width=\"640\" height=\"426\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/iStock-840519184.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/iStock-840519184-300x200.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/iStock-840519184-768x512.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/iStock-840519184-405x270.jpg 405w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">2. To increase your inventory<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is surely one of the biggest expenses for a business &#8211; no matter the type. It\u2019s often the case that you\u2019ll need to buy inventory in <em>advance<\/em> before seeing a return on the investment. This is particularly true for seasonal businesses or during slower seasons where an <\/span><a href=\"https:\/\/www.become.co\/business-equipment-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Equipment and Vehicle Finance loan,\u00a0<\/span><\/a><span style=\"font-weight: 400;\">could be the best option. Getting your hands on this kind of loan would allow you to purchase the inventory you need and get your business through the season. \u00a0\u00a0<\/span><\/p>\n\n<p><b>Best business loan for inventory: <\/b><span style=\"font-weight: 400;\">Business lines of credit, merchant cash advance<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">3. To recruit and hire new talented employees<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When initiating a startup or running a minuscule business, the term \u2018multitasking\u2019 will take on a whole new meaning. You&#8217;ll reach a moment where you realize that expanding your website, dealing with customers, trying to put yourself on the map, all the while bookkeeping can become overwhelming. This\u2019ll surely take a toll not only you -but the business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\"><br \/><\/span><span style=\"font-weight: 400;\">If you or your employees are juggling too many things, it eliminates work quality and focus. A business model overhaul is definitely in order; investing in talented individuals will surely lead to an increase in revenue and more importantly, help to build the core foundations of your business. What\u2019s more, is you\u2019ll amass extra time to focus on the \u2018bigger picture\u2019 &#8211; that alone may be a solid reason to need business loan options, and there are plenty of them to be found. <\/span><\/p>\n\n<p><b>Best business loan for hiring fresh talent: <\/b><span style=\"font-weight: 400;\">Unsecured business loans, business lines of credit<\/span><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">4. To improve your business&#8217;s cash flow<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to a<\/span><a href=\"https:\/\/www.entrepreneur.com\/article\/187366\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\"> U.S. Bank study, 82% of businesses fail <\/span><\/a><span style=\"font-weight: 400;\">due to poor cash management. It\u2019s all well and good building your dream business, but at the end of the day, it\u2019s all about the money coming in that&#8217;ll help to keep your business standing tall. When obstacles stand in the way of meeting your business goals, you\u2019ll need business loan options to keep the money flowing which will allow you to continue marketing, <a href=\"https:\/\/www.smarketa.com\/effective-tips-to-improve-your-conversion-rate\/\" target=\"_blank\" rel=\"noopener noreferrer\">increasing conversion<\/a> and seeking new customers to drive revenue.<\/span><\/p>\n\n\n<p><b>Best business loan for cash flow: <\/b><span style=\"font-weight: 400;\">SBA loans, business lines of credit<\/span><\/p>\n\n<p><a href=\"https:\/\/www.become.co\/?r=Blog&amp;pm=4-reasons-why-you-might-need-a-business-loan\"><img decoding=\"async\" class=\"size-large wp-image-2507 aligncenter\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/moving-forward-picture-id514210781-1024x669.jpg\" alt=\"\" width=\"640\" height=\"418\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/moving-forward-picture-id514210781.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/moving-forward-picture-id514210781-300x196.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/moving-forward-picture-id514210781-768x502.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2018\/06\/moving-forward-picture-id514210781-413x270.jpg 413w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">5. To move your business to a new location<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Your business might\u2019ve been doing well enough at your current location, but &#8211; as they say &#8211; the grass is always greener on the other side. The demographics of your original location may have shifted enough that there are better prospects elsewhere. Obviously, that comes with loads of expenses, including hiring movers, the cost of a new location, the paperwork entailed in the shift, and so on. That\u2019s where business loans can truly come in handy.<\/span><\/p>\n\n<p><b>Best business loan for moving location: <\/b><span style=\"font-weight: 400;\">SBA loans, unsecured business loans<\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">6. To improve and expand your marketing strategy<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Providing stellar service is important, but if you\u2019re only attracting customers from within a mile radius, you\u2019ll struggle to <\/span><a href=\"https:\/\/www.become.co\/blog\/how-to-scale-your-small-business\/\"><span style=\"font-weight: 400;\">scale up your business<\/span><\/a><span style=\"font-weight: 400;\">. Marketing plays an essential role in generating more business as well as establishing a recognizable brand that will draw more people in through your doors.<\/span><\/p>\n\n\n<p><span style=\"font-weight: 400;\">Of course, in today\u2019s digital age, you\u2019ll likely consider incorporating <\/span><a href=\"https:\/\/www.become.co\/blog\/social-media-marketing-for-small-business\/\"><span style=\"font-weight: 400;\">social media marketing strategies<\/span><\/a><span style=\"font-weight: 400;\"> into your overall marketing campaign. There are plenty of advantages to this, including the fact that it\u2019s free to sign up, you have a huge audience at your disposal, and you can come up with creative and personalized approaches to engaging with potential customers.<\/span><\/p>\n\n<p><b>Best business loan for boosting marketing strategy: <\/b><span style=\"font-weight: 400;\">Unsecured business loans, business lines of credit\u00a0<\/span><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">7. To overcome upaid invoices<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Different types of businesses come with different obstacles to overcome. For truckers, construction workers, manufacturers, and contractors, it\u2019s fairly common to have slow-paying customers. Having too many unpaid invoices can create a drag on your business\u2019s cash flow, which will also keep you from taking care of other important aspects of your business.<\/span><\/p>\n\n\n<p><span style=\"font-weight: 400;\">The solution is <a href=\"https:\/\/www.become.co\/invoice-factoring\/\" target=\"_blank\" rel=\"noopener noreferrer\">invoice factoring<\/a>, whereby lenders front you approximately 80% of the value of your unpaid invoices and collect the funds from your customers on your behalf. After collecting, the lender then provides you with the remaining amount due, minus a percentage that they keep as compensation for the services they provided. Needless to say, you\u2019ll want to develop your own <\/span><a href=\"https:\/\/www.become.co\/blog\/unpaid-invoices\/\"><span style=\"font-weight: 400;\">strategies for dealing with unpaid invoices<\/span><\/a><span style=\"font-weight: 400;\"> so that you don\u2019t need to always turn to lenders for help.<\/span><\/p>\n\n\n<p><b>Best business loan for overcoming unpaid invoices: <\/b><span style=\"font-weight: 400;\">Invoice factoring<\/span><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">8. To update and upgrade your business equipment<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Keeping your business running at full capacity oftentimes relies heavily on having properly operating equipment. But, even if your machinery is working correctly, the rate at which it completes its task may be significantly slower than a newer model. Updating your equipment can make a crucial difference to your business\u2019s cash flow.<\/span><\/p>\n\n\n<p><span style=\"font-weight: 400;\">The difficulty is that updated models of machines are constantly being produced &#8211; the air compressor you purchased a few short years ago may already be outdated. That can be extremely frustrating for the people whose income relies on the performance of business equipment. Who has money to buy new appliances every few months?<\/span><\/p>\n\n\n<p><span style=\"font-weight: 400;\">Fortunately for small business owners, purchasing equipment is not the only option. Consider the differences between <\/span><a href=\"https:\/\/www.become.co\/blog\/equipment-loan-vs-equipment-lease\/\"><span style=\"font-weight: 400;\">equipment leasing and equipment loans<\/span><\/a><span style=\"font-weight: 400;\"> so that you can make the right decision for the benefit of your business.<\/span><\/p>\n\n\n<p><b>Best business loan for updating equipment: <\/b><span style=\"font-weight: 400;\">Business equipment loans, SBA loans<\/span><\/p>\n\n\n<h3><span style=\"font-weight: 400;\">\u2018Other\u2019: <a href=\"https:\/\/www.become.co\/apply\/\" target=\"_blank\" rel=\"noopener noreferrer\">Get a loan for any business reason<\/a> <\/span><\/h3>\n\n<p><span style=\"font-weight: 400;\">Here we\u2019ve mentioned some of the most popular reasons that SMBs may need business loan options. If you&#8217;re thinking &#8216;that&#8217;s not why I need one&#8217;, don&#8217;t sweat. If the pros outweigh the cons and a loan will keep you from closing shop or better yet, business expansion then it&#8217;s the right way to go. You\u2019ll have no issues in getting funding from one of our alternative business lenders who are happy to provide loans for any old reason &#8211; so long as it goes into your business that is.<\/span><\/p>\n\n\n<p><span style=\"font-weight: 400;\">At Become, we can help you to expand your business or to simply keep it going. By partnering with selected lending companies, we offer a premium marketplace that gives business owners fast and easy access to the loans that are best suited to their business needs.<\/span><\/p>\n\n\n<h2><span style=\"font-weight: 400;\">How to get a fast business loan in 3 easy steps:<\/span><\/h2>\n<p>Use Become&#8217;s Business Funding Marketplace to compare offers from many lenders to get the best and fastest business loan for you.\u00a0<\/p>\n<h4><span style=\"font-weight: 400;\">1. Fill in the quick online application to see if you qualify <\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">2. Compare and choose from lenders and loan options that are best suited to your needs <\/span><\/h4>\n<h4><span style=\"font-weight: 400;\">3. Receive funds in as little as three hours!<\/span><\/h4>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><strong><a class=\"btn btn-lg btn-success\" href=\"https:\/\/www.become.co\/apply\/\" target=\"_blank\" rel=\"noopener noreferrer\">Apply Now!<\/a><\/strong><\/span><\/p>\n\n<h3><span style=\"font-weight: 400;\">Summing up<\/span><\/h3>\n\n<p><span style=\"font-weight: 400;\">Knowing when to get a business loan can make or break your business. No matter the reason you&#8217;re debating getting a business loan if taking one out is going to keep your business from collapsing, or if you have weighed up all the numbers and can see that taking a loan will improve the health of your business &#8211; then you know what to do. All business decisions involve an element of risk and at the end of the day, only <em>you<\/em> can decide if it\u2019s worthwhile. <\/span><\/p>\n\n<p><span style=\"font-weight: 400; font-size: 12px;\"><b><i>Disclaimer<\/i><\/b>: The above information is of a general nature. Before receiving a business loan you should consider the loan agreement and finance documents provided by the lender, and whether the loan is suitable for your business.<\/span><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>As a small business owner, even a whisper that you\u2019re considering taking out an L O A N can spur opinions of sudden know-it-alls. There\u2019s the general naysayers, those who heed caution, success stories and those that say it\u2019s a \u2018must\u2019 for growth. Everyone will have something to say, but the truth is, without the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2502,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,79,1,12],"tags":[18,20,19,16,17],"class_list":["post-2501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aus-resources","category-business-guides","category-uncategorized","category-us-resources","tag-businessadvice","tag-loanadvice","tag-loans","tag-smb","tag-sme"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>8 Reasons to Get a Business Loan - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"8 Reasons to Get a Business Loan - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"As a small business owner, even a whisper that you\u2019re considering taking out an L O A N can spur opinions of sudden know-it-alls. There\u2019s the general naysayers, those who heed caution, success stories and those that say it\u2019s a \u2018must\u2019 for growth. Everyone will have something to say, but the truth is, without the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Funding Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-13T11:45:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-22T11:29:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3865\" \/>\n\t<meta property=\"og:image:height\" content=\"2576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Become\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Become\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/\"},\"author\":{\"name\":\"Become\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/person\\\/813104bb9784ace7d518254945f76ccf\"},\"headline\":\"8 Reasons to Get a Business Loan\",\"datePublished\":\"2018-06-13T11:45:03+00:00\",\"dateModified\":\"2020-07-22T11:29:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/\"},\"wordCount\":1536,\"publisher\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/06\\\/iStock-693830422.jpg\",\"keywords\":[\"Business Advice\",\"loan advice\",\"loans\",\"smb\",\"sme\"],\"articleSection\":{\"0\":\"AUS Resources\",\"1\":\"Business Loan Guides\",\"3\":\"US Resources\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/\",\"name\":\"8 Reasons to Get a Business Loan - Business Funding Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/06\\\/iStock-693830422.jpg\",\"datePublished\":\"2018-06-13T11:45:03+00:00\",\"dateModified\":\"2020-07-22T11:29:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/06\\\/iStock-693830422.jpg\",\"contentUrl\":\"https:\\\/\\\/d2y0x0ts101nr7.cloudfront.net\\\/2018\\\/06\\\/iStock-693830422.jpg\",\"width\":3865,\"height\":2576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/reasons-to-get-a-business-loan\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"8 Reasons to Get a Business Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\",\"name\":\"Become - Powering Small Business Funding\",\"description\":\"Become - Powering Small Business Growth &amp; Funding\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\"},\"alternateName\":\"Become\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.become.co\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#organization\",\"name\":\"Become\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/become-logo.png\",\"contentUrl\":\"https:\\\/\\\/www.become.co\\\/blog\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/become-logo.png\",\"width\":521,\"height\":97,\"caption\":\"Become\"},\"image\":{\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.become.co\\\/blog\\\/#\\\/schema\\\/person\\\/813104bb9784ace7d518254945f76ccf\",\"name\":\"Become\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"caption\":\"Become\"},\"url\":\"https:\\\/\\\/www.become.co\\\/blog\\\/author\\\/algoseller\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"8 Reasons to Get a Business Loan - Business Funding Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/","og_locale":"en_US","og_type":"article","og_title":"8 Reasons to Get a Business Loan - Business Funding Blog","og_description":"As a small business owner, even a whisper that you\u2019re considering taking out an L O A N can spur opinions of sudden know-it-alls. There\u2019s the general naysayers, those who heed caution, success stories and those that say it\u2019s a \u2018must\u2019 for growth. Everyone will have something to say, but the truth is, without the [&hellip;]","og_url":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/","og_site_name":"Business Funding Blog","article_published_time":"2018-06-13T11:45:03+00:00","article_modified_time":"2020-07-22T11:29:23+00:00","og_image":[{"width":3865,"height":2576,"url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg","type":"image\/jpeg"}],"author":"Become","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Become","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#article","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/"},"author":{"name":"Become","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf"},"headline":"8 Reasons to Get a Business Loan","datePublished":"2018-06-13T11:45:03+00:00","dateModified":"2020-07-22T11:29:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/"},"wordCount":1536,"publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"image":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg","keywords":["Business Advice","loan advice","loans","smb","sme"],"articleSection":{"0":"AUS Resources","1":"Business Loan Guides","3":"US Resources"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/","url":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/","name":"8 Reasons to Get a Business Loan - Business Funding Blog","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#primaryimage"},"image":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg","datePublished":"2018-06-13T11:45:03+00:00","dateModified":"2020-07-22T11:29:23+00:00","breadcrumb":{"@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#primaryimage","url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg","contentUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2018\/06\/iStock-693830422.jpg","width":3865,"height":2576},{"@type":"BreadcrumbList","@id":"https:\/\/www.become.co\/blog\/reasons-to-get-a-business-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.become.co\/blog\/"},{"@type":"ListItem","position":2,"name":"8 Reasons to Get a Business Loan"}]},{"@type":"WebSite","@id":"https:\/\/www.become.co\/blog\/#website","url":"https:\/\/www.become.co\/blog\/","name":"Become - Powering Small Business Funding","description":"Become - Powering Small Business Growth &amp; Funding","publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"alternateName":"Become","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.become.co\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.become.co\/blog\/#organization","name":"Become","url":"https:\/\/www.become.co\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","contentUrl":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","width":521,"height":97,"caption":"Become"},"image":{"@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf","name":"Become","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","caption":"Become"},"url":"https:\/\/www.become.co\/blog\/author\/algoseller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/2501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/comments?post=2501"}],"version-history":[{"count":0,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/2501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media\/2502"}],"wp:attachment":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media?parent=2501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/categories?post=2501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/tags?post=2501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}