Well, hopefully you’re nothing like Rebecca Bloomwood, the girl from the Confessions of a Shopoholic movie. It would be gone in no time, and it’d be on the latest designer accessory or clothing.
You simply need to look beyond the wad of cash you have access to, and like Rebecca did, come to the understanding that there is more to life than spending money, and that we all have responsibilities. Rebecca got to a point where she regretted her purchases, and she decided to turn her life around, and things went really well from there!
For your business, having the flexibility to fund the expansion of your business, smooth your cash flow, and the power to control your finances is key if you want to grow and maintain your business moving forward.
Think how you can spend your loan funding to help you make money. Whilst buying a new expresso machine is a nice to have for the staff in the office, will it help you make money? It’s highly unlikely unless you decide to invite everyone from your office building over and you magically have awesome barista skills!
So consider the must haves for your business. Is the signage at street level visible and well branded. Are the staff uniforms looking tatty? Are you investing in marketing? All of these may be very suitable uses for your new loan. Remember that with your unsecured loan, the loan repayments are normally higher than your typical loan, so it is important to make it count.
As you can see the options are pretty much endless. Perhaps you need to kick start the launch of a new product line or location. It goes on and on and on!
So if you secure yourself an unsecured loan, be sure to make it count for all of the right reasons.