You’ve heard it all before: It takes money to make money. If your small business is like so many others, you may find it necessary to borrow money to help your company grow. Maybe you need extra funds to hire employees, buy equipment, increase your inventory or open a new location. For a loan to be beneficial, it’s all about timing.
Investing in your business at the right time and for the right reasons can take you to the next level. How can you tell if your business is ready to take on the obligation of a business loan? Check for these five signs.
Rely on our experience
Different businesses need different types of loans, and the loan that’s right for your business at one time may not be the right one at another. An experienced business banker can help you find the loan best meeting your business and its operating environment.
If you’re ready to apply for a loan[cite::108::cite], talk to the business bankers at California Bank & Trust. We can help connect you with products such as business lines of credit, term loans, SBA loans and other business lending options. Contact one of our business bankers at (800) 355-0507 or visit a branch near you.[cite::171::cite] [cite::172::cite]