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21 Jan 2020

The ACT are back at iceBike* for 2020 and will be on hand to explain to IBDs how Ride it away retail finance partner V12 can help to maximise sales and profits

21 Jan 2020

The Committee of the APPCG will be changing their name to the All Party Parliamentary Group for Cycling and Walking

20 Jan 2020

On the 12th November the APPCG is hosting the first ever Cycling Showcase in Parliament

20 Jan 2020

Recent findings show that over 40 per cent of shoppers areunaware that missing payments when using a Buy Now Pay Later service could harm their credit score.

17 Jan 2020

The Petersfield Bookshop is an independent bookshop based in Petersfield, Hampsire, that experienced an unlikely turnaround in just one night using the power of the internet.

15 Jan 2020

This years iceBike* will once again see The Bike Shop take up a central position to help advise retailers on POS and merchandising best...

15 Jan 2020

At £8.72 per hour, the National Living Wage will rise by 51p in April from its current rate of £8.21

14 Jan 2020

Papadeli, recognised by Indie Retail as the Best Small Shop of 2019, hasnow gone on to reach the final of Shop of the Year 2020, run by the Guild of Fine Food, in the Delicatessen & Grocer...

19 Dec 2019

A new Christmas film produced by Lanther Black has encompassed all that is important about shopping independent this Christmas

18 Dec 2019

Don't miss this key event to gain insights from influential keynote speakers into key areas that influence the entire outdoor industry while having the opportunity to network with colleagues...

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Looking to expand your business?

Posted on in Business News , Cycles News

For the past year, survival has been the primary and only focus for many bike shops as the retail landscape shifts.

But, are you looking to develop and grow your business?

There are benefits that come with business expansion including the increase in customer reach, sales and profits. Of course, there are downfalls to expanding surrounding a lack of funding and the question of whether or not it is the best time to expand.

With more and more issues arising around climate change and the heightened interest the news and press have taken in reporting on climate change, cycling has become a more popular method of commuting with more than two million people across the UK cycling once a week.

Business finance expert Emily Relph explores the multitude of funding options out there for businesses looking to expand.

  • Online small business loans
  • Invoice finance
  • Crowdfunding
  • Stock finance
  • Commercial mortgages
  • Traditional bank loan
  • Credit cards

Find out more about these different types of loans here.

There are so many different funding options out there for businesses looking to expand. Each with pros and cons of their own and some more suited to a specific business's needs than others.

The key take away from this is that there are more options out there for businesses and increased funding could be the answer for some businesses looking to expand and achieve business goals.

Image sourced from Sundaypapers

 

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