While it can be wise to buckle down and set more conservative financial goals with a new year looming, there are three reasons why it can be a good thing to borrow money before the end of the year.
Rates are Low
Right now rates are low. This is a great thing to take advantage of, as it will not last forever. The market is cyclical and rates will rise. Take advantage and lock in on lower rates now. Doing so will allow you to start an expansion project fresh in a fresh new year. What better resolution to make than to start the new year building your new business or growing and expanding one you already own?
If You Are Not Investing, You Are Not Growing
Truly, if you are not investing in your business you are not growing, and things that do not grow do not thrive. The 3rd quarter is over and you likely have financials for two-thirds of the year. If things look good, there is no better time to finance a project than now. Not only do you have previous years’ financial available, but you have most of the current year’s as well so lenders can see what an awesome loan you would be.
Many Lenders are Eager to Make Deals
Everyone wants to make deals and make the books look better at the end of the year, and banks and other lenders are no exception. While it will not likely entice them to make foolish, overly risky loans, most are willing and ready to close as many good loans as possible before the end of the year. Strike now for the best products and rates.
Are you ready to get started? Go to Biz2Credit now! We have a network of over 1,300 lenders with a huge range of financing products from real estate finance options to business loans for attorney and doctors, even small business loans for Latinos, women, and veterans. Whatever your need may be we have something for most everyone. It only take a few minutes. Come chat with one of our customer service folks today to get started.