Here are some common examples of use of proceeds:
Increase Capacity
Secure a loan to increase level of operations.Example: Invest in machinery that will streamline your manufacturing process.
Expand Business’ Product Line or Services
Secure the capital needed to develop new product or service offerings.Example: Finance equipment necessary to produce new products.
Invest in Human Capital
Secure a loan to hire employees needed to sustain and grow your business. Example: Hire an additional sales rep to meet the demand in your market
Build Out Physical Infrastructure
Secure a loan to finance necessary infrastructure needs to grow your business. Example: Invest in building space, vehicles, or software / computers that will make your operations more efficient
Debt/Liability Settlement or Consolidation
Secure a loan to quickly settle debts and get back to growing your business.Example: Refinance your commercial mortgage