You did it. You established your own company and business is booming. But now is not the time to rest on your laurels. Now is the perfect time to consider a business banking loan to take your company to the next level.
At Kerndt Brothers Bank, we’ve been helping small businesses succeed since 1856. We know running a company is tough work. That’s why we want to help you financially. Our wide array of loans will help you check off the next goal on your business plan.
Following are five possible reasons small businesses may decide to take out commercial loans with Kerndt Brothers Bank. You may wish to:
- Expand your location. You’re bursting at the seams and simply need more space. A loan from us will allow you to build on or up at your current building site. Whether you need more offices or warehouse space, let Kerndt Brothers Bank help you grow.
- Hire the best and brightest. You know outstanding employees make all the difference when it comes to your bottom line. So you want to be able to attract and retain talented people. A commercial loan will free you up to offer more generous salary packages.
- Purchase new business equipment. Whether you need new computers, a forklift, a conference table, or a company van, Kerndt Brothers Bank has you covered. We believe purchasing equipment is better than leasing it in the long term. That’s because you can take a tax write-off of up to $25,000 the first year you buy the equipment and then depreciate the rest of the value during the time you own it.
- Boost your cash flow. We know you can’t plan for all eventualities. If a customer is late paying a bill or your costs were a bit higher than you expected, it’s always nice having a little financial cushion. A loan from Kerndt Brothers Bank will give you some breathing room.
- Buy additional inventory. The laws of supply and demand are not always cut and dry. That’s why you need to plan for the future. Having extra inventory on hand is a good hedge against future orders. If you’re a seasonal business, this is especially true. Count on a bank loan from us to see you through every business cycle.
We realize every business is different and your reasons for needing a loan may vary. But the five scenarios above are all worth considering.
Kerndt Brothers Bank offers a wide variety of business financing options — including revolving lines of credit, term loans, construction and land loans to many others — because we want to help you succeed. Call us today and tell us how we can help grow your small business.Follow me on Google+