{"id":270427,"date":"2024-07-08T15:48:26","date_gmt":"2024-07-08T03:48:26","guid":{"rendered":"https:\/\/www.reckon.com\/au\/?post_type=sbh&p=270427"},"modified":"2025-08-07T18:26:51","modified_gmt":"2025-08-07T06:26:51","slug":"small-business-financing","status":"publish","type":"sbh","link":"https:\/\/www.reckon.com\/au\/small-business-resources\/business-finances\/small-business-financing\/","title":{"rendered":"Small Business Financing Options"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.23″ custom_padding_tablet=”” custom_padding_phone=”0px||||false|false” locked=”off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on” da_disable_devices=”off|off|off”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.23″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” custom_padding=”||0px||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”1_3″ module_class=”table-contents” _builder_version=”4.23″ background_color=”#f3f2f6″ custom_padding=”25px||25px||true|false” sticky_position=”top” sticky_limit_bottom=”section” sticky_position_tablet=”top” sticky_position_phone=”none” sticky_position_last_edited=”on|desktop” pac_dcm_carousel_specific_module_num=”0″ border_radii=”on|24px|24px|24px|24px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.23″ text_font=”||||||||” global_colors_info=”{}” background__hover_enabled=”on|desktop”][\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Copy paste body text here” _builder_version=”4.27.4″ header_2_font_size=”32px” hover_enabled=”0″ header_2_font_size_tablet=”30px” header_2_font_size_phone=”26px” header_2_font_size_last_edited=”on|tablet” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Small businesses can be an expensive and onerous proposition, often requiring small business financing to get them off the ground. You\u2019ll almost always have to produce a thick wad of working capital to start or<\/span>\u00a0continue\u00a0<\/span><\/i>growing your business.<\/span><\/p>\n

There are several types of small business finance options to unpack before deciding which one is best for your situation or stage of your business growth.<\/span><\/p>\n

What are your business loan possibilities and how do they measure up in the small business finance guide below?<\/span><\/p>\n

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Bank loans<\/h2>\n

Of course, the most obvious of all the small business financing options is bank financing. Bank loans are perhaps best deployed at the beginning stages of your small business.<\/span><\/p>\n

Small business financing through a bank loan has the added benefit of \u2018detouring\u2019 all other lender options. If you have a solid idea, a small business plan in place, possibly some collateral, equity or an asset for securing the loan, then you\u2019re on your way to a fruitful conversation with a loan officer. As always, shop around for favourable interest rates and lending conditions.<\/span><\/p>\n

Bank loans for small businesses have the advantages of:<\/span><\/p>\n