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Best Small Business Loans to Expand Your Business Internationally

28 October 2019, 13:05 CET

Having a global presence to market your products and services is not everyone's goal. However, if it is, you may need to make strategic investments in your business.

Specifically, you may need to secure funding so you can grow and reach new customers on other shores. That means finding the best small business loans could mean the difference between growing successfully or staying stagnant. Finding the right business loan may seem daunting until you have enough information to move forward.

Two Business Owners Made the Right Choice

  • The Financial Analyst Gone Global

    After getting a finance major in statistics and economics, this business owner made recommendations to clients regarding stocks, bonds, and other financial instruments. Advising others regarding buying and selling decisions required that the entrepreneur stayed up to date on market trends.

    Unexpectedly, one of his clients referred him to a large investment house in London. After talking with the firm, they offered him a job. There was only one catch. He had to travel between the U.S. and England once a month to meet with corporate officials in person to make recommendations on which investments to pursue.

    In addition to travel costs, he needed money for lodging, supplies, and general expenses. Because traditional banks normally have a long list of requirements he'd rather forego, the best small business loan for him is one where he can submit basic documents online.

    Plus, online lenders can get money to their clients as soon as 4 business days.

    After submitting an application and speaking with an online specialist, he is approved for a $10,000 loan he can repay in 18 months. He decided to invest the money and make withdrawals as needed.

    Fast forward two months.

    This business owner is earning money from an international client while servicing the needs of his U.S. clients. Without a small business loan, he wouldn't have been able to expand his business globally.

  • The Clothing Designer Is Now Selling All Over the World

    This entrepreneur sold her clothing designs to fashion buyers located in the U.S. She created designs, got patents and trademarks, and promoted her creations.

    In addition to selling designs, she worked with manufacturers to make and sell her products.

    Here of late, she needed more working capital to make improvements so her business stayed competitive. With a small business loan, she would have funds to improve her professional portfolio and hire a social media specialist to help brand her designs.

    She estimated that a small business loan for $20,000 should adequately cover her business's needs.

    Because she's a busy woman, she preferred completing an online application using her smartphone. She was able to submit documents, review pre-qualified terms, sign the loan contract, and receive deposited funds, all electronically.

    Within hours, her loan is approved and she receives the money in a few days.

    Immediately, she started working on her goals. She's confident that the3 small business loan is going to help her expand her product lines to foreign countries.

A Small Business Loan Can Change Your Business's Future

Sometimes when you expand your company, doors open that you never imagined could. In the above examples, one business owner ended up marketing his services internationally and the other one may do so in the near future.

Maybe you envision selling your products or services globally but don't have the funds to do so. A small business loan could be your answer to position your business for increased exposure and productivity.

Why not find out how to get a loan to match your business's needs. The answers are only a click away.

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