How business loans can support your next stage of growth

When your business is ready to grow, funding is often the missing piece. Whether it’s hiring more staff, buying equipment, or simply managing cashflow through a seasonal lull, having access to credit can make all the difference.

At Munro Benge, we regularly support clients in understanding their financing options and where borrowing fits into the bigger picture. We can help you prepare your financials, build a plan, and connect with the right lending specialists.

Here’s what to know about how business credit works and the types of finance that might support your next phase of growth.

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Your credit profile: how it impacts your ability to borrow

Your business credit profile is essentially your borrowing reputation. It helps lenders assess your risk - how likely you are to repay what you owe.

Lenders will typically look at your business credit score, cashflow, and financial forecast to determine how much you can borrow, and on what terms. A strong profile opens more doors. A weaker one can limit your options.

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What is debt financing?

Debt financing simply means borrowing money with the agreement to pay it back over time. Here’s how it typically works:

• You apply for a loan or credit facility with financial documentation
  
  
• The lender assesses your creditworthiness and business risk
  
  
• If approved, you receive the funds and repay them in instalments
  
  
• You use the funds to invest in growth, then reduce the debt gradually
  
  

Like any financial decision, borrowing involves some risk. But well-managed debt can be a useful tool when you're looking to scale, invest or smooth out cashflow.

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Common lending and credit options for businesses

• Unsecured loans
  Borrowing without putting up collateral. Usually for smaller amounts and shorter terms, with higher interest rates. Often used for marketing, working capital, or bridging short-term gaps.
  
  
• Secured loans
  Larger loans backed by assets like property, equipment or inventory. These typically come with lower interest rates and are suited to bigger investments.
  
  
• Asset finance
  Helps fund large purchases such as vehicles or machinery without upfront capital. Options include hire purchase, finance leases and operating leases, each with different ownership and risk profiles.
  
  
• Commercial property loans and bridging loans
  Used to purchase or develop commercial premises, or to bridge gaps between property transactions. These are generally secured loans, backed by the property itself.
  
  
• Lines of credit
  A flexible borrowing facility where you draw down funds as needed, up to an approved limit. Useful for managing day-to-day costs and cashflow cycles.
  
  
• Government grants and tax incentives
  Sometimes growth funding doesn’t need to involve debt. Grants and R&D tax incentives can reduce your cost base and support innovation, expansion, or job creation without adding financial pressure.

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Let’s talk about the financial story behind your next move

Every loan application starts with your numbers. At Munro Benge, we work with clients to ensure their financials are accurate, realistic, and ready for funding conversations.

We’ll help you understand how different types of credit or finance could support your plans, and we’ll work alongside your other advisers to make sure everything lines up with your overall strategy.

Let’s have a conversation about what’s next for your business.

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