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Advice for Loan

Discussion in 'Business & Tax Advice' started by Quit925today, Apr 23, 2017.

  1. Quit925today

    Quit925today Newbie

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    Hey guys,

    I'm trying to grow my business and it has been steady. I feel like I have to scale it up with my advertising. My bank will let me use 7K. What advice would you give me to use it for. Should I buy inventory, supplies, increase my advertising, look to make a new product, etc.

    Any advice?
     
  2. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    Your goals aren't clearly defined. You start by saying you need to scale up your advertising but then ask how to spend $7k. I wouldn't touch the loan until you have a good look at your business.
    Nobody can give you serious advice, as we know nothing about your business or your market.
    I would imagine attracting more customers would be your first objective.
     
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  3. Quit925today

    Quit925today Newbie

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    Thanks! My business is solely advertising. I have a growing business with lots of customers but would like it to grow even bigger. I feel like I don't have much money to throw into advertising without getting a loan to get more customers and sales. Then I think should I buy most of my inventory and supplies for the year and not have to worry much about that.