When Should a Small Business Borrow Money?

When Should a Small Business Borrow Money?


A good indicator that it is the right time for you to borrow money as a small business is that you have a vision and you’re comfortable and confident that an additional investment will generate new profits for you and increase your business growth in the short and long term.

This is important because it means that you’ll be able to comfortably repay the loan, and then enjoy all the revenue and profits of your investment.

For example, if you currently operate a restaurant and you need a loan so you can expand and open up a patio, and you know this will bring in extra revenue in the summer season, but it will also allow you to repay the loan and you’ll have the patio remaining for future seasons as well then, it’s likely a good investment and way to enjoy new profits.

We can help connect you with the top business financing providers in Canada. Get a business loan now!

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Vlad Sherbatov

Vlad is the President and Co-Founder of Smarter Loans, Canada's original and largest loan comparison website. He is a passionate entrepreneur and business leader in the Canadian financial sector. He was selected as a 2019 Top 25 Leaders in Lending by the Canadian Lenders Association. Vlad is an author at Smarter Loans, and has been featured in publications like the Toronto Star and National Post, among others.