The BCRS Top Four uses for a Business Loan

Welcome back to the BCRS blog! There are many reasons a business may need to take out a loan but this week I will be addressing the BCRS top four uses for a business loan.

Working capital

This supports various operational developments in your business. If you don’t have a specific area in your business you wish to concentrate on, a working capital loan may be for you.

A working capital loan can be used to cover day to day costs within the business to enable jobs to be saved and set the business up for future growth.
Opportunities for growth can arrive at any time.

It is important to have extra cash available for when these opportunities do arise. Taking advantage of additional marketing opportunities, vendor discounts, last-minute equipment purchases or even the opportunity to relocate to a better premises could prove vital to the growth and prosperity of your business.


Recruiting additional team members would be enhancing opportunity for growth and keep other team members happy and less stressed. Having the wrong staff to customer ratio can be detrimental to your customer service efforts and the reputation of your business.

Often a shift in trends can spark an unexpected or expected skills gap in the business and the need for an expert in a particular field may be necessary to be able to stay competitive.


In the current climate, there has been a huge push in digital marketing efforts, especially when it comes to social media marketing.

Although social media is free to use you may notice an increase of exposure, return on investment and increased word-of-mouth. Marketing investment for SMEs a is an exciting field with many opportunities for increased efficiency in building your customer base.

The more innovative you are, the more affordable and effective you can be with your advertising, so give it a try.


Equipment is essential to SME businesses to ensure smooth operation. All industries require equipment to some extent to survive. Are you thinking of investing some money into existing equipment improvement or brand-new equipment?

This can help businesses improve productivity, efficiency, safety and even brand image if it is customer-facing equipment.

Investing in new machinery is likely to generate a proportionate cost-saving in the long run – sometimes known as economies of scale. This is gained by increased productivity and efficiency, which will subsequently help boost profit margins.

Now you know just some of the uses for a business loan, head to our website to find out how we can support the growth of your business.

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Lauren-McGowan AvatarPublished by- Lauren McGowan – Digital marketing Assistant.

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